http://www.legislation.gov.uk/eur/2015/848/chapter/IRegulation (EU) 2015/848 of the European Parliament and of the Council of 20 May 2015 on insolvency proceedings (recast)Regulation (EU) 2015/848 of the European Parliament and of the CouncilRegulation (EU) 2015/848 of the European Parliament and of the Council of 20 May 2015 on insolvency proceedings (recast)King's Printer of Acts of Parliamenthttps://webarchive.nationalarchives.gov.uk/eu-exit/https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:02015R0848-20180726texttext/xmlen2024-07-16Expert Participation2020-12-31 CHAPTER I<Strong>GENERAL PROVISIONS</Strong><Substitution ChangeId="key-4a9019985266c4719226c616fab6deda-1720708450891" CommentaryRef="key-4a9019985266c4719226c616fab6deda">Application and jurisdiction</Substitution>Article 11The grounds for jurisdiction to open insolvency proceedings set out in paragraph 1B are in addition to any grounds for jurisdiction to open such proceedings which apply in the laws of any part of the United Kingdom.1A.There is jurisdiction to open insolvency proceedings listed in paragraph 1B where the proceedings are opened for the purposes of rescue, adjustment of debt, reorganisation or liquidation and—athe centre of the debtor's main interests is in the United Kingdom; orbthe centre of the debtor's main interests is in a Member State and there is an establishment in the United Kingdom.1B.The proceedings referred to in paragraph 1 are—awinding up by or subject to the supervision of the court;bcreditors' voluntary winding up with confirmation by the court;cadministration, including appointments made by filing prescribed documents with the court;dvoluntary arrangements under insolvency legislation; andebankruptcy or sequestration.2This Regulation shall not apply to proceedings referred to in paragraph 1 that concern:ainsurance undertakings;bcredit institutions;cinvestment firms and other firms, institutions and undertakings to the extent that they are covered by the Credit Institutions (Reorganisation and Winding up) Regulations 2004; ordcollective investment undertakings.DefinitionsArticle 2For the purposes of this Regulation:...“Member State” means a state which is a member of the EU other than Denmark;‘collective investment undertakings’ means undertakings for collective investment in transferable securities (UCITS) as defined in Directive 2009/65/EC of the European Parliament and of the Council and alternative investment funds (AIFs) as defined in Directive 2011/61/EU of the European Parliament and of the Council;...‘insolvency proceedings’ means the proceedings listed in Article 1(1B) which there is jurisdiction to open under Article 1(1A) and includes interim proceedings;‘insolvency practitioner’ means any person or body whose function, including on an interim basis, is to:verify and admit claims submitted in insolvency proceedings;represent the collective interest of the creditors;administer, either in full or in part, assets of which the debtor has been divested;liquidate the assets referred to in point (iii); orsupervise the administration of the debtor's affairs.The persons and bodies referred to in the first subparagraph are listed in Annex B;‘court’ means:...... the judicial body or any other competent body ... empowered to open insolvency proceedings, to confirm such opening or to take decisions in the course of such proceedings;‘judgment opening insolvency proceedings’ includes:the decision of any court to open insolvency proceedings or to confirm the opening of such proceedings; andthe decision of a court to appoint an insolvency practitioner;‘the time of the opening of proceedings’ means the time at which the judgment opening insolvency proceedings becomes effective, regardless of whether the judgment is final or not;...‘establishment’ means any place of operations where a debtor carries out or has carried out in the 3-month period prior to the request to open ... insolvency proceedings a non-transitory economic activity with human means and assets;............<Substitution ChangeId="key-499b5794f5aa2a72c16c7501d0ce11f3-1720711517355" CommentaryRef="key-499b5794f5aa2a72c16c7501d0ce11f3">Centre of main interests</Substitution>Article 31...The centre of main interests shall be the place where the debtor conducts the administration of its interests on a regular basis and which is ascertainable by third parties.In the case of a company or legal person, the place of the registered office shall be presumed to be the centre of its main interests in the absence of proof to the contrary. That presumption shall only apply if the registered office has not been moved from the United Kingdom to a Member State or to the United Kingdom from a Member State within the 3-month period prior to the request for the opening of insolvency proceedings.In the case of an individual exercising an independent business or professional activity, the centre of main interests shall be presumed to be that individual's principal place of business in the absence of proof to the contrary. That presumption shall only apply if the individual's principal place of business has not been moved from the United Kingdom to a Member State or to the United Kingdom from a Member State within the 3-month period prior to the request for the opening of insolvency proceedings.In the case of any other individual, the centre of main interests shall be presumed to be the place of the individual's habitual residence in the absence of proof to the contrary. This presumption shall only apply if the habitual residence has not been moved from the United Kingdom to a Member State or to the United Kingdom from a Member State within the 6-month period prior to the request for the opening of insolvency proceedings.2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .3. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .4. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Examination as to jurisdictionArticle 41A court seised of a request to open insolvency proceedings shall of its own motion examine whether it has jurisdiction pursuant to Article 1(1A) (a) or (b). Where there is jurisdiction to open insolvency proceedings on either of the grounds specified in Article 1(1A)(a) or (b), the judgment opening such proceedings must state which of those grounds is applicable.2Notwithstanding paragraph 1, where insolvency proceedings are opened ... without a decision by a court, ... the insolvency practitioner appointed in such proceedings must examine the grounds on which there is jurisdiction to open the proceedings under Article 1(1A). Where this is the case and there is jurisdiction to open insolvency proceedings on either of the grounds specified in Article 1(1A)(a) or (b), the insolvency practitioner must specify in the decision opening the proceedings which of those grounds is applicable.Judicial review of the decision to open <CommentaryRef Ref="key-934e95ef1c465c0f3c7b8da6bd9a2cb7"/>... insolvency proceedingsArticle 51The debtor or any creditor may challenge before a court the decision opening ... insolvency proceedings on the grounds of jurisdiction under Article 1(1A)(a).2The decision opening ... insolvency proceedings may be challenged by parties other than those referred to in paragraph 1 or on grounds other than a lack of ... jurisdiction under Article 1(1A)(a) where the relevant law (other than this Regulation) of the part of the United Kingdom in which the matter is being determined so provides.Jurisdiction for actions deriving directly from insolvency proceedings and closely linked with themArticle 6. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Applicable lawArticle 7. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Third parties' rights <Emphasis>in rem</Emphasis> Article 8. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Set-offArticle 9. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Reservation of titleArticle 10. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Contracts relating to immoveable propertyArticle 11. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Payment systems and financial marketsArticle 12. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Contracts of employmentArticle 13. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Effects on rights subject to registrationArticle 14. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .European patents with unitary effect and Community trade marksArticle 15. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Detrimental actsArticle 16. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Protection of third-party purchasersArticle 17. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Effects of insolvency proceedings on pending lawsuits or arbitral proceedingsArticle 18. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Directive 2009/65/EC of the European Parliament and of the Council of 13 July 2009 on the coordination of laws, regulations and administrative provisions relating to undertakings for collective investment in transferable securities (UCITS) (OJ L 302, 17.11.2009, p. 32). Directive 2011/61/EU of the European Parliament and of the Council of 8 June 2011 on Alternative Investment Fund Managers and amending Directives 2003/41/EC and 2009/65/EC and Regulations (EC) No 1060/2009 and (EU) No 1095/2010 (OJ L 174, 1.7.2011, p. 1). Arts. 6-83 omitted (31.12.2020) by virtue of S.I. 2019/146, Sch. para. 7 (as substituted by The Insolvency (Amendment) (EU Exit) (No. 2) Regulations 2019 (S.I. 2019/1459), reg. 1(2), Sch. para. 3; 2020 c. 1, Sch. 5 para. 1(1))Art. 1 heading substituted (31.12.2020) by The Insolvency (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/146), reg. 1(3), Sch. para. 2(2) (with regs. 4, 5); 2020 c. 1, Sch. 5 para. 1(1)Art. 1(1)-(1B) substituted for Art. 1(1) (31.12.2020) by The Insolvency (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/146), reg. 1(3), Sch. para. 2(3) (with regs. 4, 5); 2020 c. 1, Sch. 5 para. 1(1)Words in Art. 1(2) substituted (31.12.2020) by The Insolvency (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/146), reg. 1(3), Sch. para. 2(4) (with regs. 4, 5); 2020 c. 1, Sch. 5 para. 1(1)Art. 2(1A) inserted (31.12.2020) by The Insolvency (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/146), reg. 1(3), Sch. para. 3(a) (with regs. 4, 5); 2020 c. 1, Sch. 5 para. 1(1)Art. 2(1) omitted (31.12.2020) by virtue of The Insolvency (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/146), reg. 1(3), Sch. para. 3(b) (with regs. 4, 5); 2020 c. 1, Sch. 5 para. 1(1)Art. 2(3) omitted (31.12.2020) by virtue of The Insolvency (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/146), reg. 1(3), Sch. para. 3(b) (with regs. 4, 5); 2020 c. 1, Sch. 5 para. 1(1)Words in Art. 2(4) substituted (31.12.2020) by The Insolvency (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/146), reg. 1(3), Sch. para. 3(c) (with regs. 4, 5); 2020 c. 1, Sch. 5 para. 1(1)Art. 2(6)(i) omitted (31.12.2020) by virtue of The Insolvency (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/146), reg. 1(3), Sch. para. 3(d)(i) (with regs. 4, 5); 2020 c. 1, Sch. 5 para. 1(1)Words in Art. 2(6)(ii) omitted (31.12.2020) by virtue of The Insolvency (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/146), reg. 1(3), Sch. para. 3(d)(ii) (with regs. 4, 5); 2020 c. 1, Sch. 5 para. 1(1)Art. 2(9) omitted (31.12.2020) by virtue of The Insolvency (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/146), reg. 1(3), Sch. para. 3(e) (with regs. 4, 5); 2020 c. 1, Sch. 5 para. 1(1)Word in Art. 2(10) omitted (31.12.2020) by virtue of The Insolvency (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/146), reg. 1(3), Sch. para. 3(f) (with regs. 4, 5); 2020 c. 1, Sch. 5 para. 1(1)Art. 2(11)-(14) omitted (31.12.2020) by virtue of The Insolvency (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/146), reg. 1(3), Sch. para. 3(g) (with regs. 4, 5); 2020 c. 1, Sch. 5 para. 1(1)Art. 3 heading substituted (31.12.2020) by The Insolvency (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/146), reg. 1(3), Sch. para. 4(2) (with regs. 4, 5); 2020 c. 1, Sch. 5 para. 1(1)Words in Art. 3(1) omitted (31.12.2020) by virtue of The Insolvency (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/146), reg. 1(3), Sch. para. 4(3)(a) (with regs. 4, 5); 2020 c. 1, Sch. 5 para. 1(1)Words in Art. 3(1) substituted (31.12.2020) by The Insolvency (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/146), reg. 1(3), Sch. para. 4(3)(b) (with regs. 4, 5); 2020 c. 1, Sch. 5 para. 1(1)Words in Art. 3(1) substituted (31.12.2020) by The Insolvency (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/146), reg. 1(3), Sch. para. 4(3)(c) (with regs. 4, 5); 2020 c. 1, Sch. 5 para. 1(1)Words in Art. 3(1) substituted (31.12.2020) by The Insolvency (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/146), reg. 1(3), Sch. para. 4(3)(d) (with regs. 4, 5); 2020 c. 1, Sch. 5 para. 1(1)Art. 3(2)-(4) omitted (31.12.2020) by virtue of The Insolvency (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/146), reg. 1(3), Sch. para. 4(4) (with regs. 4, 5); 2020 c. 1, Sch. 5 para. 1(1)Words in Art. 4(1) substituted (31.12.2020) by The Insolvency (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/146), reg. 1(3), Sch. para. 5(2)(a) (with regs. 4, 5); 2020 c. 1, Sch. 5 para. 1(1)Words in Art. 4(1) substituted (31.12.2020) by The Insolvency (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/146), reg. 1(3), Sch. para. 5(2)(b) (with regs. 4, 5); 2020 c. 1, Sch. 5 para. 1(1)Words in Art. 4(2) omitted (31.12.2020) by virtue of The Insolvency (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/146), reg. 1(3), Sch. para. 5(3)(a)(i) (with regs. 4, 5); 2020 c. 1, Sch. 5 para. 1(1)Words in Art. 4(2) substituted (31.12.2020) by The Insolvency (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/146), reg. 1(3), Sch. para. 5(3)(a)(ii) (with regs. 4, 5); 2020 c. 1, Sch. 5 para. 1(1)Words in Art. 4(2) substituted (31.12.2020) by The Insolvency (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/146), reg. 1(3), Sch. para. 5(3)(b) (with regs. 4, 5); 2020 c. 1, Sch. 5 para. 1(1)Word in Art. 5 heading omitted (31.12.2020) by virtue of The Insolvency (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/146), reg. 1(3), Sch. para. 6(2) (with regs. 4, 5); 2020 c. 1, Sch. 5 para. 1(1)Word in Art. 5(1) omitted (31.12.2020) by virtue of The Insolvency (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/146), reg. 1(3), Sch. para. 6(3)(a) (with regs. 4, 5); 2020 c. 1, Sch. 5 para. 1(1)Words in Art. 5(1) substituted (31.12.2020) by The Insolvency (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/146), reg. 1(3), Sch. para. 6(3)(b) (with regs. 4, 5); 2020 c. 1, Sch. 5 para. 1(1)Word in Art. 5(2) omitted (31.12.2020) by virtue of The Insolvency (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/146), reg. 1(3), Sch. para. 6(4)(a) (with regs. 4, 5); 2020 c. 1, Sch. 5 para. 1(1)Word in Art. 5(2) omitted (31.12.2020) by virtue of The Insolvency (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/146), reg. 1(3), Sch. para. 6(4)(b) (with regs. 4, 5); 2020 c. 1, Sch. 5 para. 1(1)Words in Art. 5(2) inserted (31.12.2020) by The Insolvency (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/146), reg. 1(3), Sch. para. 6(4)(c) (with regs. 4, 5); 2020 c. 1, Sch. 5 para. 1(1)Words in Art. 5(2) substituted (31.12.2020) by The Insolvency (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/146), reg. 1(3), Sch. para. 6(4)(d) (with regs. 4, 5); 2020 c. 1, Sch. 5 para. 1(1)