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2026-10-doc3 EU Insolvency Law and Third Countries (Book review; Part II)

Continuation of book review; for the first part, see Bob Wessels’ blog 2026-10-02doc2. Recognition of foreign insolvency proceedings The dual treatment (EIR – UNCITRAL) continues with the category of the recognition of foreign insolvency proceedings, featuring excellent contributions by Kodek (pp. 399–406), Pieckenbrock (pp. 407–417), and Silvestri (effects on pending lawsuits, pp. 417–444), preceded by a comprehensive general report by… Read More »2026-10-doc3 EU Insolvency Law and Third Countries (Book review; Part II)

2026-10-doc2 EU Insolvency Law and Third Countries (Book review; Part I)

The topic ‘EU Insolvency Law and Third Countries’ is as challenging as it is complex. The book bearing this title was published shortly after the summer of 2026. This long-awaited publication is the outcome of a research project that began in 2021 and was publicly launched in the autumn of 2023 as a joint initiative coordinated by Professors Alexander Trunk… Read More »2026-10-doc2 EU Insolvency Law and Third Countries (Book review; Part I)

2026-10-doc1 What is the status of SME restructuring plan checklists?

During the current decade, restructuring plans have emerged as a widely used instrument for companies that are likely to become insolvent but can demonstrate their business remains viable. Within the EU, Article 8 of the Preventive Restructuring Directive (PRD 2019/1023) outlines the essential elements that restructuring plans must contain when submitted for adoption by groups of affected creditors or for… Read More »2026-10-doc1 What is the status of SME restructuring plan checklists?

2026-09-doc4 Insolvency Regulation’s Annex A, stumbling over a stumbling block

A few days ago, I published on my blog an article concerning Annex A of the European Insolvency Regulation (EIR 2025), see https://bobwessels.nl/blog/2026-09-doc3-insolvency-regulations-annex-a-hits-a-stumbling-block-again/. It was a slightly adapted version, which had been published in the Europe column I am writing regularly in Global Restructuring Review (GRR). See www.globalrestructuringreview.com. I received a response from Mark Mouthaan, an experienced restructuring attorney from… Read More »2026-09-doc4 Insolvency Regulation’s Annex A, stumbling over a stumbling block

2026-09-doc3 Insolvency Regulation’s Annex A hits a stumbling block, again

One of the many topics on the European Commission’s present restructuring and insolvency agenda is the revision of the European Insolvency Regulation (EIR 2015), as I detailed in  January 2026 blog, see https://bobwessels.nl/blog/2026-01-26-eu-restructuring-insolvency-what-awaits-us-in-2026/. The regulation was adopted in 2015 and entered into force in 2017. It stipulates that new proposals will be made in the summer of 2027, if necessary.… Read More »2026-09-doc3 Insolvency Regulation’s Annex A hits a stumbling block, again

2026-09-doc2 Dutch court tests the limits of post-Brexit insolvency cooperation

In January, the District Court of Rotterdam ruled on a request from X (from Manchester) and Y (from London), both acting as administrators appointed by the English High Court in an administration, an English insolvency proceeding concerning company Z. The administrators were appointed to wind up Z, a company incorporated under the laws of England and Wales that, in addition to its… Read More »2026-09-doc2 Dutch court tests the limits of post-Brexit insolvency cooperation

2026-09-doc1 Restructuring plans, my forthcoming book

Wessels Restructuring Plans (forthcoming) is a European book investigating ‘Preventive restructuring frameworks’, also termed: restructuring plans, which are the subject of Title III, Article 4 – 19, of the Preventive Restructuring Directive 2019/1023. It analyses what a restructuring plan is, including its nature and its legal consequences, and the rules to apply when such a restructuring plan is implemented in… Read More »2026-09-doc1 Restructuring plans, my forthcoming book

2026-08-doc2 Do you know what an “interim proceeding” is?

My focus today is on a small puzzle: interim proceedings. What are they? Do they have cross-border effect? And can we learn a bit more about them in the future? The EU Insolvency Regulation (EIR 2015) provides in Article 1(1) that the regulation shall apply to “public collective proceedings”, to which the provision adds: “including interim proceedings”. Recital 15 shows the way by… Read More »2026-08-doc2 Do you know what an “interim proceeding” is?

2026-08-doc1 Does the debtor have a say in determining the fee for an IP?

In a Dutch insolvency case, an insolvency practitioner (IP), “curator” X, asked the District Court of The Hague to determine an advance on his fee. He also requested the amount of the bankruptcy costs. The invoice covered the period from 1 January 2023 up to and including 24 February 2025, when X was replaced by another IP. The court heard… Read More »2026-08-doc1 Does the debtor have a say in determining the fee for an IP?

2026-07-doc1 The mystery around creditors committees

Directive (EU) 2026/799 on harmonising certain aspects of insolvency law (CAD 2026/799) lays down common rules on creditors’ committees. For an overview of the other ‘aspects’ the directive covers, see https://bobwessels.nl/blog/2026-06-doc2-certain-aspects-directive-2026-799-a-patchwork-without-cross-border-rules/. Globally, it is commonly held that the interests of relevant creditors may be best served by coordinating their response to a debtor in financial difficulty through the establishment of… Read More »2026-07-doc1 The mystery around creditors committees