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Insolvency Proceedings of Corporate Groups Under the new Insolvency Regulation - Reflection and Impacts on Croatian, Bosnian and Slovenian Insolvency Regulation

In March 2015 the European Council and Parliament adopted the text of the new Insolvency regulation (2015/848). Unlike the previous Insolvency regulation (1346/2000) , the new Regulation contains provisions related to the insolvency of group of companies (corporate groups) which members are located in various member states. Since insolvency proceedings of group of companies are recognized as a complex and very important issue to deal with, this paper will try to provide an overview of legislative solutions in the European Union, but also in three jurisdictions: Croatian, Bosnian and Slovenian, and based on that will try to define in what way (if in any) the new Insolvency regulation influences legislative solutions in chosen jurisdictions. The issue is particularly relevant in light of problems that recently affected Agrokor, the biggest Croatian retail company which has a network of companies both in Slovenia and Bosnia.

Insolvency Proceedings ; Groups of Companies ; Corporate Groups ; Insolvency Regulation ; Regulation 2015/848

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