Virtual secondary insolvency proceedings under the recast EIR

The 6th European Insolvency & Restructuring Congress (German Bar Association in cooperation with INSOL Europe) provided the opportunity to further analyse the issue of dealing with the new virtual secondary insolvency proceedings according to Article 36 EIR. Currently, it appears that the most urgent question for insolvency practitioners is the preparation of such virtual proceedings. As this task requires comprehensive preparation, pursuant to Article 36 (10) EIR, also including avoiding personal liability, the article outlines the first steps to take.