Regulation No 1346/2000 of 29 May 2000 (EIR) is the cornerstone of European insolvency law. The Regulation, which is directly applicable in all Member States, is the legal basis for cross-border insolvencies within the European Union.
Paving the way for a new European insolvency law, the Heidelberg-Luxembourg-Vienna Report carries out a comprehensive legal and empirical evaluation of European insolvency law practice in the Member States. Based on thorough analyses the general reporters evaluate the Regulation and provide recommendations for its current revision.
General reporters
Professor Burkhard Hess (Luxembourg/Heidelberg), Dr Christian Koller (Vienna), Dr Björn Lankemann (Heidelberg/Luxembourg), Dr Robert Magnus (Heidelberg), Professor Paul Oberhammer (Vienna/London/St Gallen), Professor Thomas Pfeiffer (Heidelberg), Professor Andreas Piekenbrock (Heidelberg), Michael Slonina (Vienna)
National reporters
Dr Krista Pisani Bencini (Valletta), Samantha Bewick (London), Prof Dr Eric Bylander, LLD (Uppsala), Dr Rosanne Bonnici (Valletta), Prof Dr Remo Caponi (Florence), Mgr Slavomír M.Èauder (Prague), Dr Jeanette Ciantar (Valletta), Prof Dr Zoltaá Csehi (Budapest), Prof Dr Gilles Cuniberti, LLM (Luxembourg), Prof Dr Ales Galiè (Ljubljana), Prof Dr Francisco Garcimartín (Madrid), Prof Dr Iván Heredia (Madrid), Prof Burkhard Hess (Luxembourg/Heidelberg), Dr Laura Kirilevièiûtë (Lithuania), Prof Dr Nikolaos Klamaris (Athens), Dr Björn Laukemann (Heidelberg/Luxembourg), Dennis Lievens, LLM (Heidelberg), Prof Dr Tuula Linna, LLD (Lapland), Dr Robert Magnus (Heidelberg), Prof Dr Federico M Mucciarelli (London), Dr Carl Friedrich Nordmeier (Wiesbaden), Dr Ailbhe O'Neill (Dublin), Nina Orehek (Ljubljana), Polina Pavlova (Luxembourg), Joanna Perkins (London), Prof Thomas Pfeiffer (Heidelberg), Prof Andreas Piekenbrock (Heidelberg), Dr Tomás Richter (Prague), Veronika Sajadova (Latvia), Mag Gottfried Schellmann (Vienna), Christopher Seagon (Heidelberg), Kristina Sirakova (Luxembourg), Michael Slonina, LLM (Vienna), Prof Dr Elisa Torralba (Madrid), Prof Dr Paul Varul (Tartu), Prof Dr PM Michael Veder (Nijmegen), Dr Signe Viimsalu (Tallinn), Gheorghe-Liviu Zidaru (Bucharest)
Rezensionen / Stimmen
In summary, this is a useful work which details a necessary phase in the renovation of the EIR and provides a snapshot of the state of European domestic laws and jurisprudence in the way they have responded to the framework set out in the EIR and the problems of its implementation. The highlights of this text are clearly the extensive analysis, the summaries of national reports, the very useful summaries of the jurisprudence and the bibliography for further research, which underline its great utility. An index to the analysis and table of abbreviations used are also included in the work. For these reasons, this work should appeal to anyone interested in European insolvency, whether academic, judge, practitioner or policy-maker. -- Paul J. Omar International Company and Commercial Law Review, Volume 25, Issue 8, 2014
Burkhard Hess is the founding and executive director of the Max Planck Institute for International, European and Regulatory Procedural Law in Luxembourg.
Paul Oberhammer is Professor in Law at the University of Vienna.
Thomas Pfeiffer is Professor in Law at the University of Heidelberg.
Autor*in
Max Planck Institute, Luxembourg
University of Vienna
Heidelberg University, Germany
1 Introduction
1.1 Methodology, Scope and Aim of the Study
1.2 Outline of the Study
2 Executive Summary
2.1 General Assessment
2.2 The Scope of the Regulation
2.3 Pre-insolvency and Hybrid Proceedings not Listed in the Annex A of the EIR
2.4 Article 3 EIR
2.5 Insolvency-related Actions (Article 3 a EIR)
2.6 Groups of Companies
2.7 Applicable Law
2.8 Coordination of Proceedings
2.9 Lodgement of Claims - Main Findings
3 Scope of the Regulation
3.1 Underlying Policies
3.2 Main Issues
3.3 National Legislation and Case-Law
3.4 Policy Options
3.5 Recommendations
4 Jurisdiction
4.1 Article 3 EIR: Definition and Determination of the Centre of Main Interests
4.2 Annex Proceedings
5 Groups of Companies
5.1 The Problem
5.2 Ways to Improve Coordination
6 Applicable Law
6.1 Article 4 EIR: Applicability of the Law of the State of the Opening of the Proceedings (Thomas Pfeiffer)
6.2 Article 5 EIR: Third Parties' rights in rem (Andreas Piekenbrock)
6.3 Article 6 EIR: Set-off (Andreas Piekenbrock)
6.4 Article 7 EIR: Reservation of Title (Andreas Piekenbrock)
6.5 Article 8 EIR: Contracts Relating to Immoveable Property (Andreas Piekenbrock)
6.6 Article 9 EIR: Payment Systems and Financial Markets (Thomas Pfeiffer)
6.7 Article 10 EIR: Employment Contracts (Thomas Pfeiffer)
6.8 Article 11 EIR: Effects on Rights Subject to Registration (Andreas Piekenbrock)
6.9 Article 12 EIR: Community Patents and Trade Marks (Robert Magnus)
6.10 Article 13 EIR: Avoidance, Avoidability and Voidness (Thomas Pfeiffer)
6.11 Article 14 EIR: Protection of Third-party Purchasers (Andreas Piekenbrock)
6.12 Article 15 EIR: Effect of the Insolvency Proceedings on Individual Proceedings in Other Member States (Thomas Pfeiffer)
7 Coordination of Proceedings
7.1 General
7.2 Tools
7.3 Coordination of Main and Secondary Proceedings
8 Information for Creditors and Lodging of Claims
8.1 Introduction
8.2 Regulatory Framework and Underlying Policies
8.3 Main Issues
8.4 Conclusion and Policy Options
9 The Recognition of Decisions on Insolvency Proceedings under the European Insolvency Regulation
9.1 Automatic Recognition of Decisions Opening Insolvency Proceedings (Article 16)
9.2 The Public Policy Exception (Article 26 EIR)
