European Insolvency Law

Regulation No 1346/2000 of 29 May 2000 (EIR) has become the cornerstone of European insolvency law. The Regulation, which is directly applicable in all Member States, forms the instrument for cross-border collective insolvencies in the European Union.Paving the way for a new European insolvency law, the Heidelberg-Vienna-Luxembourg Report carries out a comprehensive legal and empirical examination of the insolvency laws and the insolvency practices in the Members States. Based on thorough ananlyses the reporters evaluate the Regulation and provide recommendations for its revision.The general reporters are: Professor Burkhard Hess (Luxembourg, Heidelberg), Dr Christian Koler (Vienna), Dr. Björn Lankemann (Heidelberg/Luxembourg), Dr Robert Magnus (Heidelberg), Professor Paul Oberhammer (Vienna/London/St. Gallen), Professor Thomas Pfeiffer (Heidelberg), Professor Andreas Piekenbrock (Heidelberg), Michael Slonina (Vienna).'In summary, this is a useful work which details a necessary phase in the renovation of the EIR and provides a snapshot of the state of European domestic law and jurisprudence in the way they have responded to the framework set out in the EIR and the problems of its implementation. The highlights of this text are clearly the extensive analysis, the summaries of national reports, the very useful summaries of the jurisprudence and the bibliography for further research, which underline its great utility. An index to the analysis and table of abbreviations used are also included in the work. For these reasons, this work should appeal to anyone inte­rested in European insolvency, whether academic, judge, practitioner or policy-maker.'Paul J. Omar, in: International Company and Commercial Law Review, Volume 25, Issue 8, 2014