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The study is a result of a collaborative research project
addressing "The Implementation of the New Insolvency Regulation -
Improving Cooperation and Mutual Trust". The project was undertaken
by the Max Planck Institute Luxembourg for Procedural Law, the
University of Vienna and the University of Milan, and co-funded by
the European Union as part of the Commission's Action Grants 2013
for Civil Justice. The focus of the study concerns specific issues
of cross-border insolvencies under the recast of the Insolvency
Regulation which already has been prepared by a large part of the
contributing authors in the Heidelberg-Vienna-Luxembourg Report.
The study is comprised of three major topics: 1.The Regulation's
extended scope of application, including pre-insolvency and hybrid
proceedings, the relationship between Article 1(1) of the
Regulation and its Annex A, as well as the interplay between the
Insolvency Regulation and the Brussels Ibis Regulation; 2.the
cooperation between main and secondary insolvency proceedings, the
new instruments, such as "synthetic proceedings", destined to avoid
or postpone the opening of secondary proceedings, further the
cooperation between administrators and courts of different
proceedings as well as protocols to enhance cooperation;
3.insolvencies of groups of companies, with a particular focus on
jurisdiction, COMI-migration, "group coordination proceedings" and
other instruments of coordination.
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