Security Rights and the European Insolvency Regulation is a 2 year research project funded by the European Union. It began in May 2014 and will end in May 2016.
What is the purpose of the project?
This project will critically analyse and evaluate the provisions governing rights in rem (security rights) and transactional avoidance in Regulation 1346/2000 and address whether there is scope for reform of the law. The project will assess the conception of rights in rem according to the different European legal traditions and evaluate appropriateness of the protection given to rights in rem in light of
- developments in those European legal traditions
- the objective 1346/2000 to facilitate the more effective administration of cross-border insolvency cases
- the need for security in the context of the financial crisis
- the basic principles of ensuring fairness between creditors
- forestalling premature liquidation
- reinforcing the collective nature of the insolvency process
Who is involved in the project?
The project is a partnership between the University of Leeds (UK) , the University of Hamburg (Germany), the University of Palemo (Italy), the University of Santigao de Compostela (Spain), and the Central European University in Budapest (Hungary).
The project partners are all experts in the law of security rights, insolvency, private international law and the harmonisation of law.