CBIL Member Involved in EU-Funded Project Launch at London Event

Dr Alexandra Kastrinou, a member of the Centre for Business and Insolvency Law, recently attended the Security Rights and the European Insolvency Regulation Conference held in London on 19 May 2015.

Dr Alexandra Kastrinou, a member of the Centre for Business and Insolvency Law, recently attended the Security Rights and the European Insolvency Regulation Conference held in London on 19 May 2015. The event was organised by Professor Gerard McCormack of the University of Leeds. Speakers at the event were drawn from across a number of European jurisdictions, including France, Germany, Italy, the Netherlands and the United Kingdom and also involved representatives of the European Commission. The conference was principally aimed at assessing the framework for possible convergence in the national laws of member states in the area of security rights, which are critical to the position of creditors in insolvency proceedings.

Professor Gerard McCormack is the project leader of the study underpinning the conference and, together with Professor Andrew Keay (also at Leeds), of a related study into Substantive Insolvency Law, which was also highlighted at the conference. This latter study is designed to assess the compliance of member states of the European Union with the March 2014 Recommendation on a New Approach to Business Failure and Insolvency, a text designed to ensure that viable enterprises in financial difficulty are efficiently restructured and that honest entrepreneurs are given a second chance to succeed in business.

The project will involve the collection of data from the 28 member states through National Reporters, of whom Dr Kastrinou is one. The project will aim to discover the degree of compliance by member states with the set objectives and whether, by means of a comparative law study, certain procedural and substantive insolvency law matters could be harmonised so as to create the ideal conditions for the opening of insolvency proceedings in respect of small to medium enterprises, a particular concern of the European Commission.

CBIL Member Involved in EU-Funded Project Launch at London Event

Published on 2 June 2015
  • Category: Nottingham Law School

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