REPORT FROM THE COMMISSION TO THE EUROPEAN PARLIAMENT, THE COUNCIL AND THE EUROPEAN ECONOMIC AND SOCIAL COMMITTEE on the application of Council Regulation (EC) No 1346/2000 of 29 May 2000 on insolvency proceedings The European Commission has published its report on the application of the EC Regulation on Insolvency Proceedings, together with proposals for amendments to the Regulation.

In recent years legal issues concerning state aid in company reorganisations have attracted much attention. One controversy to have arisen is over the question of the circumstances under which a write-off of state claims in a creditor arrangement within the framework of a company reorganisation constitutes a form of state aid, which is forbidden under EU law.

It can sometimes be hard to tell who’s who at Ecofin meetings – the vast majority of the 27 European Union finance ministers are middle-aged men in sensible suits with sensible haircuts. Thank goodness, then, for Sweden’s Anders Borg, whose ponytail and earring are more reminiscent of an axe-wielder (of either the heavy-metal guitar or the Norse weapon variety) than a bean-counting pen-pusher, and his latest chapter in the epic saga of Swedish-EU relations, the Real Time Brussels blog reported. The flowing locks aren’t the only touch of the Nordic warrior about Mr. Borg.

If a buyer of chattels wishes to receive protection against the seller's creditors, Swedish law demands, in most cases, that a tradition of the property be executed. In order to be effective, the tradition must involve a change in possession of the right to dispose of the property. However, it has been argued that the principle of tradition should be repealed and replaced by the principle of immediate transfer of ownership. (Read article http://www.internationallawoffice.com/?i=1084378&l=7EK0EGL)