Insolvency Regulation Framework

The Insolvency Regulation Framework is a set of EU rules designed to coordinate how cross-border insolvencies are handled among member countries. It aims to ensure clarity about which country's laws apply, how proceedings are recognized, and how assets are managed when a business or individual faces insolvency across multiple nations. This framework helps streamline processes, reduce legal uncertainties, and facilitate cooperation between courts and insolvency practitioners, ultimately providing a fairer and more efficient resolution for creditors and debtors operating in different EU countries.