Council Regulation (EC) No. 1346/2000 on insolvency proceedings is a key instrument of European law applicable in judicial cooperation regarding procedures with cross-border effects, which ensures efficient and effective functioning of these procedures and which has the main objective of imposing coordination between measures to be taken on an insolvent debtor’s assets.The regulation governs private international law aspects relevan...

The entry into force of Regulation (EC) no. 1346/2000 constituted the adoption of a single instrument in the EU Member States regulating the main issues of private international law in matters of insolvency proceedings.The regulation has a complex structure, its provisions providing support in dealing with insolvency proceedings with cross-border elements, starting with jurisdiction rules for determining the courts having competence to r...