Insolvency & Restructuring News

European Commission consultation on the harmonisation of specific areas of insolvency law

10/07/13

In pursuance of the 'New European Approach to Business Failure and Insolvency', which was launched in December 2012, the European Commission has issued a public consultation on the harmonisation of specific areas of insolvency law. The Technical Committee will be responding to the consultation. The deadline for responses is 11 October 2013. The consultation click can be accessed here.  The on-going draft proposals for reform of the EC Regulation on Insolvency (2000/1346) (also issued in December 2012) form part of this same initiative.


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Recent Bulletins

A key service provided by the ILA is the provision of bulletins keeping its membership up-to-date with the latest developments in insolvency law.

Below are a selection of recent topics covered:

  • MS Amlin Marine – Third Party (Rights against Insurers) Act 2010: contracts of marine insurance; “pay first” clauses
  • Signal Real Estate - Scottish administration declared ancillary to Luxembourg insolvency proceedings
  • Hobson v OAS Realisations – meaning of ‘unsecured creditors’