Article

Cross-border Insolvencies after Brexit: Views from the United Kingdom and Continental Europe

Brexit: The International Legal Implications
A Centre for International Governance Innovation and British Institute of International and Comparative Law Series
Paper No. 17 - March 2018

28 Feb 2018
Reprinted with permission.

This paper addresses the main problems arising from the United Kingdom’s decision to leave the European Union with regard to insolvency proceedings. The authors, including Morrison & Foerster’s Howard Morris, look at a number of issues, including: the modes of recognition of foreign insolvency proceedings under British law and the likely effect of Brexit; the impact of Brexit on forum and law shopping; the reform proposal for British workout procedures; and the use of British workout procedures by EU companies.

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