The Rome I Regulation in Eu Cross-Border Insolvency and Restructuring

Puntos clave

• The Rome I Regulation significantly influences cross-border insolvency proceedings, suggesting its crucial role in legal frameworks.
• Attention is drawn to the recognition of contractual obligations under the Rome I Regulation, emphasizing its impact on restructuring processes.
• Recommendations include enhancing the recognition of out-of-court agreements in future recasts of the European Insolvency Regulation.
• The paper emphasizes the necessity of reforming cross-border insolvency law to adapt to evolving economic landscapes.