Case C-341/04 (Eurofood)

Case C-341/04, known as Eurofood, involved the European Court of Justice examining whether the European Union’s rules on banking and insolvency could apply to a Luxembourg-based company (Eurofood) owned by an Italian bank. The court clarified that EU insolvency laws primarily govern companies operating within multiple countries, especially when they have a significant connection to the EU. In this case, Eurofood's insolvency was linked to cross-border banking activities, so EU laws could be used to manage its financial issues, ensuring fair treatment across countries and consistency in handling international insolvencies.