London: +44 (0)20 7236 2601
St Albans: +44 (0)1727 869141
Rickmansworth: +44 (0) 1923 771010
Milton Keynes: +44 (0)1908 605552

European Insolvency Regulation - UK opt-in

The UK government has decided to opt in to the proposal for a Regulation of the European Parliament and of the Council amending Council Regulation (EC) No.1346/2000 on insolvency proceedings.

Jo Swinson, the Insolvency Minister, noted when making the announcement that the UK government will now participate fully in negotiations on the draft text of the amended Regulation, that the proposed amendments will benefit UK businesses affected by insolvency in the EU.  The proposed amendments are broadly supported by all the member states, whilst the UK has been particularly active in working with the Commission to formulate the proposals.  They are a refinement of the existing Regulation rather than a complete rewriting and the drafting process is expected to conclude during 2013.

Further details of the proposal can be seen in an earlier post – European Insolvency Regulation - New EC Proposal.
 

 

 

Date: 16th April, 2013
Author: Chris Laughton

SHARE THIS

Articles from this Author

Contact a Partner

Tweet

Chartered accountants @mercerhole has helped an organisation to preserve more than 190 jobs chambermk.co.uk/news/mercer-ho…

Click here to see photographs from our London Christmas Reception at @plaisterershall bit.ly/2j36ZvJ pic.twitter.com/j4NZWVw8RM

Follow

LinkedIn

For the latest Mercer & Hole news, visit our LinkedIn page mercer-&-hole

Click here to follow us on LinkedIn