Cross-border insolvency in the EU: the problem of choice of the jurisdiction

Abstract

The present article is dedicated to analysis of unification of provisions concerning cross-border insolvency in the EU and provisions of the Council Regulation (EC) № 1346/2000 on insolvency proceedings, concerning the problem of opening the main insolvency proceeding. The Eurofood insolvency case, which now has become a precedent for further resolution of problems, connected with determination of the place of opening the main insolvency procedure, is being analyzed in the present article.