Eurofood Case

The Eurofood case, decided by the European Court of Justice in 2006, involved a dispute about the recognition of insolvency proceedings across EU member states. It highlighted issues regarding where a company should be declared insolvent when it has connections to multiple countries. The court ruled that a company's main place of business, or "center of main interests," determines the jurisdiction for insolvency. This ruling aimed to streamline cross-border insolvency cases within the EU, enhancing legal clarity and helping to protect creditors’ rights while promoting stability in the single market.