Insolvency-related Actions: Jurisdiction and Enforcement between Brussels Ibis and the EU Insolvency Regulation

• Jurisdiction: European Union

Speaker

Rimvydas Norkus is a distinguished legal professional with an extensive and impressive career. He currently serves as a Judge at the General Court of the European Union, based in Luxembourg. In addition to his judicial role, he is also an Affiliated Professor at Mykolas Romeris University, located in Vilnius.

Mr. Norkus has a rich history of leadership in the Lithuanian legal landscape, having held the esteemed position of President of the Supreme Court of Lithuania from 2014 to 2019 and the role of President of the Judicial Council of Lithuania from 2016 to 2018. Furthermore, his expertise and contributions to the field of European law are evident through his membership in the ERA Board of Trustees since 2016.

Topic

Rimvydas Norkus delves into a comprehensive analysis of the intricate relationship and potential intersections between two crucial legal frameworks: the Brussels Ibis Regulation and the European Insolvency Regulation. In his exploration, Norkus provides a nuanced examination of how the case law developed by the Court of Justice of the European Union (CJEU) has evolved in this context.

The Brussels Ibis Regulation, formally known as Regulation (EU) No 1215/2012, is a fundamental piece of European legislation that governs jurisdiction and the recognition and enforcement of judgments in civil and commercial matters within the European Union. On the other hand, the European Insolvency Regulation, also referred to as Regulation (EU) 2015/848, establishes a framework for cross-border insolvency proceedings, aiming to streamline and enhance cooperation between the courts and authorities of EU member states in cases of insolvency with an international dimension.

The interplay between these two regulations can be complex and challenging, given the diverse legal issues that arise when businesses and individuals operate across EU borders. This includes issues related to the determination of the competent court to handle a dispute, the enforcement of judgments in insolvency proceedings, and the treatment of insolvency-related matters with a cross-border element.

Norkus' analysis sheds light on how the CJEU's jurisprudence has evolved...