Secondary insolvency proceedings in Hanjin Europe. Plenty held, plenty assumed.

The Rotterdam court in Hanjin Europe held on the opening of secondary proceedings in The Netherlands, in application of the European Insolvency Regulation (EIR), with main proceedings and COMI in Germany. On the application of the insolvency Regulation there are few that match prof Wessels’ insights and I am happy to refer to them. Indeed it is Bob who alerted me to the case. Prof Wessels in particular points us to the following considerations:

  • the relationship between Annex A, Annex C and the abstract definition of ‘insolvency’ in the EIR. Useful precedent is Eurofood.
  • the power of a provisionary liquidator to request the opening of secondary proceedings.
  • the exact meaning of ‘establishment’, inter alia following judgment in Interedil.
  • whether applicant has to show an interest in requesting secondary proceedings.

Geert.

(Handbook of) European private international law, 2nd ed. 2016, Chapter 5.

One Reply to “Secondary insolvency proceedings in Hanjin Europe. Plenty held, plenty assumed.”

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