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2017-05-doc4 Insolvency registers in the EU

Under the new Insolvency Regulation Member States will be required to publish relevant information on cross-border insolvency cases in a publicly accessible electronic register. The aim is to improve in the EU the provision of information to relevant creditors and courts, and to prevent the opening of parallel insolvency proceedings.

Furthermore, in order to facilitate access to that information for creditors and courts domiciled or located in other Member States, the new regulation provides for the interconnection of such insolvency registers via the European e-Justice Portal.

In March 2017 my column in GRR touched upon the subject. See 2017-05-08-wessels-insolvency-registers.pdf