Protection of Creditor Rights in Cross-Border Insolvency

Fair and efficient administration of cross-border insolvencies is crucial to safeguard the interests of all creditors, including debtors, by providing equitable treatment and ensuring creditors' right to information.

• Creditor Rights
• Cross-Border Insolvency
• Fair Administration
• Equitable Treatment

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Uploaded on Apr 21, 2025 | 0 Views

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Presentation Transcript

1. Protection of creditor rights in cross-border insolvency Mg.iur. Kristaps belis Kristaps.abelis@inbox.lv

2. The purpose of cross-border insolvency Fair and efficient administration of cross- border insolvencies interests of all creditors interested persons, including the debtor; that protects and the other

3. The purpose of cross-border insolvency Provide for equitable treatment of similarly situated creditors, situated foreign and domestic creditors. including similarly

4. The creditors right to information It is essential that creditors who have their habitual residence, domicile or registered office in the Union be informed about the opening of insolvency proceedings relating to their debtor's assets

5. Protection of creditor Member States should be required to publish relevant information in cross-border insolvency cases in a publicly accessible electronic register. Information on certain aspects of insolvency proceedings is essential for creditors, such as time limits for lodging claims or for challenging decisions.

6. Development of legal framework in Latvia Insolvency Policy Development Guidelines 2016 2020th year (Maks tnesp jas politikas att st bas pamatnost des 2016.-2020. gadam https://likumi.lv/ta/id/284925-par- maksatnespejas-politikas-attistibas-pamatnostadnem- 2016-2020-gadam-un-to-istenosanas-planu )

7. Main points Fair and efficient administration; Information; Creditor claims;

8. Thank you for your attention