Title in English: European insolvency law – current trends, challenges and future
Insolvency proceedings constitutes an effective instrument providing property arrangements among creditors of their common insolvent debtor, which may help to overcome the crisis situation of the debtor or lead to its liquidation. Facilitating freedom of economic entities to carry on business within the internal market of the European Union entails, along with the expansion of business activities, also extension of their insolvency. In order to ensure the proper functioning of the internal market of the European Union, the regulation no. 1346/2000 on insolvency proceedings was adopted in 2000. This regulation provides a legal framework for the coordination of instruments of national insolvency laws. Since 2012, there was an extencive revision of this regulation being prepared. The revision was finally adopted in 2015. The publication provides clear and systematic analysis of this legislation, considering the potential of the new regulation to fulfill the purpose of its adoption and outlining possible future challenges of the European Insolvency Law.
