Cross border insolvencies in EU, English and Belgian law


Cross border insolvencies in EU, English and Belgian law

Paul L.C. Torremans

(European monographs, 39)

Kluwer Law International, c2002

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Bibliography: p. 248-252

Includes index



Experience has shown that the complex issues raised by cross-border insolvencies cannot be adequately addressed by existing national bankruptcy law regimes. In order to deal effectively with such emerging factors as multi-jurisdictional intellectual property rights and contractual issues surrounding employment or immovable property - as well as such long-standing problem areas as choice of law and recognition of judgments - a system of international bankruptcy and insolvency law is needed. This monograph shows how such a system is ready to hand in Europe and potentially available at a global level. As an obvious step in this direction, Professor Torremans examines the EU Regulation on Insolvency Proceedings. He analyses all its provisions in detail, and sets out the solution it puts in place, partial and imperfect as it may be. He concludes that within the EU this Regulation promises to improve matters substantially, and that it bodes well to become a model for international co-operation in this area. To demonstrate the need for a coherent cross-border insolvency law regime, Professor Torremans first describes two very different national approaches, those of Belgium and the United Kingdom. He explores these two traditional approaches in detail, stressing their practical applications, and finds neither system can offer a satisfactory solution in a cross-border context. Finally, recognising that this problem does not stop at the EU's borders, Professor Torremans examines the UNCITRAL Model Law in detail to see whether it does indeed make a useful contribution.


Preface. I. The Background. I.Introduction. II. Universality v. Territoriality. III. Bankruptcy Jurisdiction and the Brussels Convention. II. Bankruptcy and Insolvency in Belgian Private International Law. I. Jurisdiction in International Bankruptcy Cases. II. Choice of Law in International Bankruptcy Cases. III. Recognition and Execution of International Bankruptcy Judgments. III. Bankruptcy and Insolvency in English Private International Law. I. English International Insolvency Jurisdiction. II. Choice of Law. III. Recognition of Foreign Insolvency Proceedings. IV. The EU Council Regulation on Insolvency Proceedings. I. Introduction. II. Jurisdiction. III. Choice of Law. IV. Recognition of Foreign Insolvency Proceedings. V. The UNCITRAL Model Law on Cross-Border Insolvency. I. Introduction. II. The Scope of the Model Law. III. Foreign Assistance for an Insolvency Proceeding Taking Place in the Enacting State. IV. Access to the Courts by a Foreign Representative. V. Recognition of Foreign Proceedings. VI. Cross-border Co-operation. VII. Co-ordination of Concurrent Proceedings. VIII. Implementation of the Model Law in the United Kingdom and Belgium. Conclusion. Table of Legislation. List of Cases. Bibliography. Index

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