1. Regulation (EU) 2015/848

Regulation (EU) 2015/848 is a European law that addresses cross-border insolvency, helping businesses and individuals facing bankruptcy that have interests in multiple EU countries. It establishes clear rules for determining which country’s courts should handle the insolvency case, facilitating cooperation between member states. This regulation aims to ensure a smoother and fairer process for handling debts, maximizing the value of the insolvent person's assets, and protecting the rights of creditors, while minimizing legal complexities in cross-border situations. Overall, it helps ensure that insolvency cases are managed effectively in a harmonized way across Europe.