THE COUNCIL REGULATION ON INSOLVENCY PROCEEDINGS: A TOOL OF GLOBALISATION AND INDIVIDUALISATION IN THE EUROPEAN UNION

Authors

  • Thomas Hatzigagios University of Macedonia

Keywords:

bankruptcy law, the European Union, convention on insolvency proceedings, council regulation on insolvency proceedings, cross-border insolvency, main bankruptcy, secondary bankruptcy, universality/unity, territoriality/plurality, globalisation/individuali

Abstract

The «Council Regulation on Insolvency Proceedings» is a result of various legislative efforts since 1960. It establishes original solutions in international bankruptcy within the European Union. These solutions efficiently protect creditors from an insolvent who has his main seat in one member state and has assets or branches in another member state within the European Union. Among these solutions is the establishment of the secondary proceedings. This solution amalgamates the traditional duo of principles of the international insolvency law, such as «universality/unity» and «territoriality/plurality» and it seeks to promote in the European insolvency law the duo «globalisation/individualisation».

 

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Published

31.05.2018

How to Cite

Hatzigagios, Thomas. “THE COUNCIL REGULATION ON INSOLVENCY PROCEEDINGS: A TOOL OF GLOBALISATION AND INDIVIDUALISATION IN THE EUROPEAN UNION”. Journal of European Economy, vol. 1, no. 3, May 2018, pp. 251-66, https://jeej.wunu.edu.ua/index.php/enjee/article/view/1288.

Issue

Vol. 1 No. 3 (2002): JOURNAL OF EUROPEAN ECONOMY

Section

ARTICLES

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