European Insolvency Regulation

Commentary

Klaus Pannen

• Publisher: De Gruyter
• Year: 2011
• Print ISBN: 9783899492071
• eBook ISBN: 9783110901337
• Edition: 1
• Topic: Law
• Subtopic: Bankruptcy & Insolvency Law
• Index: Law

This book is a comprehensive commentary on the EIR in light of recent decisions of the ECJ and decisions of the judicatures of the various Member States of the EU. It contains a commentary on Article 102, Sections 1 to 11 of the German EGInsO (The Act Introducing the Insolvency Act), as well as country reports on the international insolvency laws of France, Great Britain, and Hungary. This book also deals with the UNCITRAL Model Law on Cross-Border Insolvency together with detailed references to the international insolvency laws of the U.S.A., and it also includes a discussion of protocols. The appendix to the commentary on Article 3 of the EIR contains an extensive Table of Cases, which sets out over 100 cases from the various Member States, including decisions and literature references. While thus being tailored to the needs of the European insolvency practitioner, this commentary also serves as a knowledge-base from which further exploration of the material can begin. The contributing authors are all well-respected academics and practitioners in Germany, England, France, Hungary, and the U.S.A.

Table of contents

• Contents
• Foreword
• List of Abbreviations
• Bibliography
• Part 1. Council Regulation (EC) No 1346/2000 of 29 May 2000 on insolvency proceedings
• Recitals of the EIR
• Introduction
• 1. Origins of the Regulation
• 2. Parallel Legislation
• 3. Principles Underlying the Regulation
• 4. Explanatory Report by Virgós/Schmit
• 5. Structure of the Regulation
• Chapter I. General Provisions
• Article 1. Scope
• Article 2. Definitions
• Article 3. International jurisdiction
• Article 4. Law applicable
• Article 5. Third parties’ rights in rem
• Article 6. Set-off
• Article 7. Reservation of title
• Article 8. Contracts relating to immoveable property
• Article 9. Payment systems and financial markets
• Article 10. Contracts of employment
• Article 11. Effects on rights subject to registration
• Article 12. Community patents and trade marks
• Article 13. Detrimental acts
• Article 14. Protection of third-party purchasers
• Article 15. Effects of insolvency proceedings on lawsuits pending
• Chapter II Recognition of Insolvency Proceedings
• Article 16. Principle
• Article 17. Effects of recognition
• Article 18. Powers of the liquidator
• Article 19. Proof of the liquidator's appointment
• Article 20. Return and imputation
• Article 21. Publication
• Article 22. Registration in a public register
• Article 23. Costs
• Article 24. Honouring of an obligation to a debtor
• Article 25. Recognition and enforceability of other judgements
• Article 26. Public policy
• Chapter III. Secondary Insolvency Proceedings
• Article 27. Opening of proceedings
• Article 28. Applicable law
• Article 29. Right to request the opening of proceedings
• Article 30. Advance payment of costs and expenses
• Article 31. Duty to cooperate and communicate in formation
• Article 32. Exercise of creditors’ rights
• Article 33. Stay of liquidation
• Article 34. Measures ending secondary insolvency proceedings
• Article 35. Assets remaining in the secondary proceedings
• Article 36. Subsequent opening of the main proceedings
• Article 37. Conversion of earlier proceedings
• Article 38. Preservation measures
• Article 39. Right to lodge claims
• Article 40. Duty for inform creditors
• Article 41. Content of the lodgement of a claim
• Article 42. Languages
• Chapter V. Transitional and Final Provisions
• Article 43. Applicability in time
• Article 44. Relationship to Conventions
• Article 45. Amendment of the Annexes
• Article 46. Reports
• Articlel 47. Entry into force
• Part 2. Article 102 of the German Act Introducing the Insolvency Act (EGInsO) Implementing Regulation (EC) 1346/2000 on Insolvency Proceedings
• Article 102. EGInsO (Germany) Sections 1-11
• Preliminary Comments on Article 102 EGInsO (Frind)
• Art 102 Sec 1 EGInsO Local Jurisdiction (Frind)
• Art 102 Sec 2 EGInsO Reasons for the Opening Order
• Art 102 Sec 3 EGInsO Avoiding Conflicts of Jurisdiction
• Art 102 Sec 4 EGInsO Staying Insolvency Proceedings in Favour of the Courts of Another Member State
• Art 102 Sec 5 Publication
• Art 102 Sec 6 EGInsO Entry in Public Books and Registers
• Art 102 Sec 7 EGInsO Appeal
• Art 102 Sec 8 EGInsO Enforcement of the Judgment Opening Proceedings
• Art 102 Sec 9 EGInsO Insolvency Plan
• Art 102 Sec 10 EGInsO Suspension of Realization
• Art 102 Sec 11 EGInsO Informing the Creditors
• Part 3. Country Reports
• 1. France
• Application of the European Insolvency Regulation in France
• 2. Great Britain (Hamilton/Hair)
• The Approach of the Courts of England and Wales to the EC Regulations on Insolvency Proceedings as at September 2006
• 3. Hungary
• Application of the European Insolvency Regulation in Hungary Characteristics of Hungarian Insolvency Law Particularly in Respect of Issues Relating to Proceedings Opened Pursuant to the EIR
• 4. Protocols
• The Use of Protocols in Cross Border Insolvency Cases
• Part 4. UNCITRAL Model Law on Cross-Border Insolvency
• Annex
• 1. EIR
• 2. UNCITRAL Model Law
• 3. Banking Crisis Directive (Directive 2001/24/EC)
• 4. Insurance Crisis Directive (Directive 2001/17/EC)
• 5. CoCo-Guidelines
• Index