Applying the regulation (EU) 2015/848 on insolvency proceedings (Part 2)

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Pursuant to Recital 48 of the EIR 2015 (recast) a proper cooperation between the actors involved in cross-border insolvency proceedings “implies the various insolvency practitioners and the courts involved cooperating closely, in particular by exchanging a sufficient amount of information (…). When cooperating, insolvency practitioners and courts should take into account best practices for cooperation in cross-border insolvency cases, as set out in Principles and Guidelines on Communication and Cooperation adopted by European and international organisations active in the area of insolvency law, and in particular the relevant Guidelines prepared by the United Nations Commission on International Trade Law (UNCITRAL).”

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