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    What’s up in Europe?
    2015-04-27

    What’s going on in Brussels? A lot. And trying to follow it all can be difficult.

    So this section of AcrossEU seeks to provide you with an overview of what each of the three main EU institutions are doing.

    The Commission

    Filed under:
    European Union, Banking, Energy & Natural Resources, Insolvency & Restructuring, Nctm Studio Legale, Energy market, WTO
    Authors:
    Giovanni Moschetta
    Location:
    European Union
    Firm:
    Nctm Studio Legale
    The wonder of woolies – good news for UK insolvency practitioners
    2015-04-30

    The European Court of Justice has today given its decision in the “Woolworths case” on the duty to consult collectively under the Collective Redundancies Directive, in particular defining the meaning of “establishment” for the purposes of determining when that duty is triggered.

    Filed under:
    European Union, United Kingdom, Employment & Labor, Insolvency & Restructuring, Litigation, Squire Patton Boggs, Court of Justice of the European Union
    Authors:
    Helen Kavanagh
    Location:
    European Union, United Kingdom
    Firm:
    Squire Patton Boggs
    Supreme Court guidance on the meaning of “establishment” in council regulation EC 1346/2000 on insolvency proceedings (“Insolvency Regulation”)
    2015-04-30

    The Supreme Court (unanimously dismissing the appeal in Trustees of Olympic Airlines SA Pension &Life Assurance Scheme v Olympic Airlines SA) has held that “economic activity” is central to the definition of “establishment” in the Insolvency Regulation1.

    Filed under:
    European Union, Aviation, Insolvency & Restructuring, Litigation, Mayer Brown
    Authors:
    Devi Shah , Ashley Katz , Alexandra Wood
    Location:
    European Union
    Firm:
    Mayer Brown
    Cross-border insolvency: who can apply for the opening of a secondary procedure?
    2015-04-30

    The European Court of Justice (Judgment of 4 September 2014, C-327/13), held that in accordance to the ECRegulation No. 1346/2000, a secondary insolvency proceeding in the Member State where the debtor has its registeredoffice – which does not coincide with the centre of its main interest (COMI) – may be opened at the request of creditorsentitled under the law of that State.

    The case

    Filed under:
    European Union, Insolvency & Restructuring, Litigation, Nctm Studio Legale, Court of Justice of the European Union
    Authors:
    Fabio Marelli
    Location:
    European Union
    Firm:
    Nctm Studio Legale
    How the UK general election might influence the recast EU Insolvency Regulation
    2015-05-06

    Tomorrow the UK voting public goes to the polls to select the next government but do the Great British Public realise the effect of their decisions for Cross Border Restructurings and Business Reorganisation across the EU?

    Filed under:
    European Union, United Kingdom, Insolvency & Restructuring, Public, Squire Patton Boggs
    Authors:
    Helen Kavanagh
    Location:
    European Union, United Kingdom
    Firm:
    Squire Patton Boggs
    Anti-avoidance insolvency provisions and the European insolvency regulation
    2015-05-06

    Key Point

    The ECJ has outlined how the protection afforded to a counterparty by Article 13 of the European Insolvency regulation works where an insolvency officeholder challenges a transaction governed by a law different from the one which applies to the insolvency of the estate generally.

    Facts

    Filed under:
    European Union, Insolvency & Restructuring, Litigation, Taylor Wessing, Liquidator (law), European Convention on Human Rights
    Authors:
    Brian Cain
    Location:
    European Union
    Firm:
    Taylor Wessing
    Supreme Court takes restrictive approach to the opening of secondary proceedings in England under EC insolvency regulation
    2015-05-07

    The Supreme Court has held that, in order to open secondary proceedings in England under EC Regulation 1346/2000 on Insolvency Proceedings, the company’s “establishment” within the jurisdiction must be a fixed place of business that is involved in a business activity that consists of dealings with third parties: The T

    Filed under:
    European Union, United Kingdom, Insolvency & Restructuring, Litigation, Herbert Smith Freehills LLP
    Authors:
    Oliver Elgie
    Location:
    European Union, United Kingdom
    Firm:
    Herbert Smith Freehills LLP
    ECJ rules on Woolworths redundancy case
    2015-05-08

    As reported in our briefing last week, the European Court of Justice has delivered its judgment in the case of Union of Shop, Distributive & Allied Workers (USDAW) and another v WW Realisation 1 Ltd (in liquidation) and others (C–80/14) in relation to long running claims brought by former employees of national retailers Woolworths and Ethel Austin, which arose out of the administration and closure of all of their retail stores. The ECJ had to consider the meaning of “establishment” in the legislation, which triggers an obligation to undertake collective consultation when an employe

    Filed under:
    European Union, Employment & Labor, Insolvency & Restructuring, Litigation, Womble Bond Dickinson (UK) LLP, Retail, Employment tribunal, Court of Justice of the European Union
    Authors:
    Ed Duffield
    Location:
    European Union
    Firm:
    Womble Bond Dickinson (UK) LLP
    Reflex actions: Plaza BV –v- The Law Debenture Trust Corporation
    2015-03-10

    The recent judgment of Mrs Justice Proudman in Plaza BV –v- The Law Debenture Trust Corporation1  illustrates and extends a line of authorities in which the English courts have sought to narrow the scope of the mandatory application of Article 2 of the Brussels Regulation 44/2001.  These cases are a reaction to the broad interpretation of the applicability and effect of Article 2 set out in the ECJ's decision in Owusu –v- Jackson2 , and attempt to confine the influence of that decision. 

    Filed under:
    European Union, United Kingdom, Insolvency & Restructuring, Litigation, RPC, Debenture
    Authors:
    Jake Hardy
    Location:
    European Union, United Kingdom
    Firm:
    RPC
    The amendment proposal to EC Regulation No. 1346/2000 on insolvency procedures, ten years after its entry into force
    2015-03-31

    The legislative process regarding the proposal of the Parliament and of the Council to amend the Regulation (whichwould introduce various changes as proposed by the Commission in order to address issues arisen in the enforcementof the Regulation) is approaching its conclusion

    Introduction

    Filed under:
    European Union, Italy, Insolvency & Restructuring, Nctm Studio Legale, Debtor
    Authors:
    Fabio Marelli
    Location:
    European Union, Italy
    Firm:
    Nctm Studio Legale

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