How the impending Brexit impacts the legal framework of doing business with the UK - the German perspective: Restructuring/cross-border insolvency proceedings

Cross-border insolvency proceedings involving the UK

The question of which law is applicable to cross-border insolvency proceedings within the EU and which court has jurisdiction over the opening, monitoring or conducting of the insolvency proceedings, is regulated by Council Regulation (EC) No. 1346/2000 on Insolvency Proceedings (Insolvency Regulation) that is directly applicable in all EU member states, with the exception of Denmark.

Filed under:
European Union, Germany, United Kingdom, Insolvency & Restructuring, Public, Heuking, Brexit
Authors:
Dr. Arnold Büssemaker , Christian Staps
Location:
European Union, Germany, United Kingdom
Firm:
Heuking
Euroresource--deals and debt

Europe, the U.S. and Canada—On 7 May 2013, the US Bankruptcy Court for the District of Delaware denied a motion by European creditors of Nortel Networks Corp. ("Nortel") to certify a direct appeal to the U.S. Court of Appeals for the Third Circuit of the bankruptcy court's 3 April 2013 ruling (Inre Nortel Networks, Inc., Case No. 09-10138 (KG), 2013 BL 92666 (Bankr. D. Del. Apr.

Filed under:
USA, Arbitration & ADR, Insolvency & Restructuring, Litigation, Jones Day, Debt, Liability (financial accounting), Balance sheet, Insolvency Act 1986 (UK), United States bankruptcy court
Authors:
Corinne Ball , Dr. Volker Kammel , Christian Staps , Matthew French
Location:
USA
Firm:
Jones Day