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This article reviews the notion of restructuring within the insolvency procedure from the international and EU law perspective. The author outlines and analyses the main regulations adopted by UNCITRAL and EU in frames of cross-border insolvency, which aim at recognition of judgments and restructuring plans.

  • Read count 12
  • Date of publication 01-11-2024
  • Main LanguageIngliz
  • Pages104-109
English

This article reviews the notion of restructuring within the insolvency procedure from the international and EU law perspective. The author outlines and analyses the main regulations adopted by UNCITRAL and EU in frames of cross-border insolvency, which aim at recognition of judgments and restructuring plans.

Author name position Name of organisation
1 Ramizkhujaev S.. ! !
Name of reference
1 UNCITRAL Model Law on Recognition and Enforcement of Insolvency-Related Judgments with Guide to Enactment; UNCITRAL Model Law on Cross-Border Insolvency; Commission Recommendation of 12 March 2014 on a new approach to business failure and insolvency, 2014/135/EU (OJ 2014, L74/65); Regulation (eu) 2015/848 of the European Parliament and of the Council of 20 may 2015 “On insolvency proceedings”; Pulgar Ezquerra J (2016) Corporate restructuring: the European recommendation and the Spanish model. In: Parry R, Omar PJ (eds) Reimagining rescue. INSOL Europe, Nottingham; Madaus S. (2014) The EU recommendation on business rescue – only another statement or a cause for legislative action across Europe? Insolv Intell 27; Eidenmüller H (2017); Contracting for a European insolvency regime. Eur Bus Org Law Rev 18.; Thery A. (2016) - Crossroads in EU harmonization on restructuring and insolvency: towards a market-based system or one where “The Senior takes it all?”. In: Parry R, Omar PJ (eds) Reimagining rescue. INSOL Europe, Nottingham; Eidenmüller H (2016) Was ist ein Insolvenzverfahren? Zeitschrift für Wirtschaft Recht; Madaus S. (2017) Restrukturierung mit Insolvenzprinzipien und Insolvenzverfahren mit Restrukturierungsziel? Eine Betrachtung der Grundannahmen des Insolvenz- und Restrukturierungsrechts. In: Paulus CG, Wimmer-Amend A (eds) Festschrift für Dr. Klaus Wimmer. Nomos, Baden-Baden.
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