United Kingdom Insolvency Law - International Insolvency

International Insolvency

See also: Insolvency law of Canada, Swiss insolvency law, US bankruptcy law, and Bankruptcy in the People's Republic of China

As the business of UK companies becomes increasingly globalised, and a growing number of overseas businesses operate in the UK, multiple proceedings in different countries with different laws can be engaged by one insolvency. In order to regulate this in the European Union, the Insolvency Regulation (EC) 1346/2000 was passed. It is essentially a conflicts of laws measure, and generally leaves member states free to determine the content of their own insolvency proceedings and priorities. However, it ensures that one jurisdiction will be determined to be the primary jurisdiction, and all others are secondary.

• Corporate Rescue and Insolvency Journal