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    INSOL Europe is the European organisation of professionals who
    specialise in insolvency, business reconstruction and recovery.
    It is an association founded in 1981 and registered in France.


    INSOL Europe has over 1,200 members across Europe and beyond. If you are a lawyer, accountant, insolvency practitioner, academic, lender, regulator, member of the judiciary, credit manager, credit insurer or a student of the insolvency discipline, then you can apply to become a member.
     

     

     
    Our goals and strategies
    • To Lead the study, evaluation and development of restructuring and insolvency law, techniques and practice in Europe;
    • To Be acknowledged by European and international bodies as the first port of call for all matters regarding restructuring and insolvency in Europe;
    • To Disseminate technical and topical information on restructuring and insolvency;
    • To Facilitate business development and the exchange of professional experience among its members; and
    • To Further the technical and training of members, their staff and others.

    Cross-border insolvency after Brexit
     

    The framework for the post-Brexit relationship between the UK and the EU is not yet certain. However, in the field of cross-border insolvency INSOL Europe offers a preferred arrangement and an alternative. Preferably, the UK will remain subject to the European Insolvency Regulation, whether on the back of a bilateral agreement between the UK and the EU27 or otherwise. The alternative may be for the EU to adopt the UNCITRAL Model Law to add to the current cross-border insolvency regime.


    The detail of INSOL Europe’s view is set out in the paper Bankruptcy after Brexit.

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    Annual Congress 2018: Athens

    Budget airline Germania announces bankruptcy 

    The German budget airline Germania has ceased all operations and cancelled its flights after filing for bankruptcy, as reported by BBC News. Passengers who booked directly with Germania have been left without flights to their destination, while those who booked as part of a package have been instructed to speak to their tour operator for alternative arrangements. 


    UK retailer HMV secures buyer but confirms store closures

    Having recently entered administration, the UK music and entertainment retailer HMV has agreed a deal with Canadian company Sunrise Records, preventing the UK firm's collapse. It is understood that the buyer beat out competition from Mike Ashley, the owner of Sports Direct, although a price has not been revealed. 


    Spanish food retailer DIA proposes 300 shop closures

    Following a series of financial difficulties in recent months, the Spanish food retailer DIA may soon announce a large number of store closures in an effort to restructure its operations and offset its growing debts. According to International Supermarket News, up to 300 stores could be at risk across Spain, with as many as 1,600 workers facing potential redundancy.


     
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