Project SaveComp on Cross-Border Insolvency Issues
Project SaveComp aims to collect and exchange best practices in cross-border insolvency proceedings to enhance coordination between office holders, improve international cooperation, and protect the interests of stakeholders. The project involves identifying problematic areas, collecting relevant provisions and case law, and comparing domestic best practices to develop cross-border solutions. Beneficiaries include EU insolvency practitioners, companies in distress, creditors, and academic researchers in the field.
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Presentation Transcript
Introduction to the project SaveComp on cross-border insolvency issues Dana Rone, LL.M, Dr. iur. cand. 14 marzo 2025 1
Project outline Project to support judicial cooperation in civil or criminal matters JUST/2014/JCOO/AG Save Comp. Collection and development of best practices in cross border cases for the survival of distressed companies JUST/2014/JCOO/AG/CIVI 4000007693 Start: 1/11/2015 Planned end: 30/10/2017 (24 months) 14 marzo 2025 2
Objectives Practical comparative-international methodology 1. To collect and exchange the best practices in the field of insolvency and pre-insolvency cross- border proceedings 2. To help office holders in insolvency proceedings to better coordinate and implement international cooperation, thus enhancing management of multiple proceedings, reorganization of companies and the protection of creditors and interests of stakeholders 14 marzo 2025 3
Objectives Aim: To compare the domestic best practices, so as to possibly develop and exchange best practices which might be of use in cross- border proceedings 14 marzo 2025 4
Activities 1. Identification of areas of insolvency and pre- insolvency cross-border proceedings, where best practices could enhance the possibility to save distressed companies, enhance protection of cross-border creditors and stakeholders 2. Involvment of practitioners to help to identify problematic issues and already developed best practices 14 marzo 2025 5
Activities 3. Collection of relevant domestic and supra- national provisions and case-law 4. Collection of relevant domestic best practices 5. Exchange of best practices 6. Comparison of best practices and posssible proposal of cross-border best practices 7. Exchange of cross-border best practices 14 marzo 2025 6
Type of beneficiaries of the project 1. EU insolvency and pre-insolvency office holders (accountants, lawyers, judges, notaries) 2. Companies in insolvency and pre-insolvency proceedings 3. Creditors and stakeholders 4. Academics researching insolvency and pre- insolvency proceedings 14 marzo 2025 7
Expected results Following the data collection and survey: 1. More efficient cross-border cooperation in insolvency and pre-insolvency proceedings 2. Promotion of a sound administration of justice in cross-border proceedings 3. Enhanced possibility to save cross-border companies in distress 4. Enhanced protection of cross-border creditors and stakeholders of cross-border companies 14 marzo 2025 8
Type of outputs to be produced 1. Internet web page about project activities 2. Questionnaire 3. Report on the questionnaire 4. Datebase of the case law 5. Domestic best practices exchange conferences 6. National reports collecting best practices 7. International cross-border best practices exchange conference (to be held in Genova) 8. Guidelines on cross-border best practices and E- book 14 marzo 2025 9
Project partners 1. Genova University (Italy) 2. Tur ba University (Latvia) 3. Institute of Private International Law in Sofia (Bulgaria) 4. University of Amsterdam (the Netherlands) 5. Charles University in Prague (Czechia) 6. Johannes Gutenberg Universit t Mainz (Germany) 7. University of Glasgow (the United Kingdom) 8. IPR Verlag (International Law Portal, Germany) 14 marzo 2025 10
Thank you! dana.rone@latnet.lv 14 marzo 2025 11
