In summer 2018 UNCITRAL adopted a new model law on recognition and enforcement of insolvency-related judgments. Filling a gap in international insolvency law, it should make cross-border insolvency resolution more expedient, predictable and efficient.
The European Insolvency Regulation has a separate chapter on data protection of insolvency registers and data transferred when selling an insolvent company. The General Data Protection Regulation takes effect on 25 May 2018. How will it influence the EIR?
With the advent of blockchain, decentralised nature of company-like structures requires rethinking the way corporate insolvencies are handled. The COMI concept may have to give way to a more consent-based choice of insolvency rules and insolvency forum.
On 10 December 2015 the Court of Justice of the European Union decided on the question whether the liability of the director of the Ltd, that was subjected to insolvency proceedings in Germany, should be determined by English law or by German law.