This article is authored by Joanne Wright with contributions from Tim Cooper, Partner, and Rebecca OCallaghan, Legal Director at Addleshaw Goddard.
Introduction
Once upon a time, the European courts were a maze for the intrepid UK cross-border recovery specialists to navigate, tracing assets of UK-based debtors into foreign lands. Then the UK agreed that it was a European country and signed up for the EU (originally EC; it goes that far back). Regulations on insolvency proceedings and all was much more convivial. But then the UK voted to exit, ultimately, leaving UK insolvency practitioners bereft of the happy mechanisms to capture EU assets laid out in the regulations.
Then, COVID-19 struck, and the impact of Brexit could not really be …
Read the full article at: https://www.kroll.com/en/insights/publications/restructuring-advisory/challenges-trustee-bankruptcy-gaining-recognition-post-brexit-landscape