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Groups of companies in the Recast European Insolvency Regulation: Around and about the “group”
Author(s) -
Soveral Martins Alexandre
Publication year - 2019
Publication title -
international insolvency review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.125
H-Index - 7
eISSN - 1099-1107
pISSN - 1180-0518
DOI - 10.1002/iir.1354
Subject(s) - insolvency , consolidation (business) , group (periodic table) , business , accounting , set (abstract data type) , law and economics , political science , economics , computer science , finance , chemistry , organic chemistry , programming language
Regulation (EU) 2015/848 (Recast European Insolvency Regulation/Recast EIR) contains a set of articles dedicated to the insolvency proceedings relative to members of groups of companies. No substantial consolidation or any procedural nature is envisaged. Article 2(13) of Regulation 2015/848 clarifies that, for the purposes of the same, a “group of companies” must be understood as “a parent undertaking and all its subsidiary undertakings.” However, many doubts arise when one goes deeper into that definition. The author deals with some of those problems and gives some suggestions to overcome them.