Concluding reflections on the European Insolvency Regulation

Bob Wessels and Defne Taşman

Chapter 16 in The European Insolvency Regulation, 2026, pp 160-161 from Edward Elgar Publishing

Abstract: The EIR has a central place in the EU's system of private international law as well as its judicial interpretation, cross-border practice, market developments and broader EU policy choices. It has transformed cross-border insolvency in Europe from a fragmented, discretionary field into a structured system grounded in mutual trust, legal certainty and procedural coordination. As the EIR approaches its silver jubilee, the question is not whether it should be replaced, but whether it can continue to evolve in a manner faithful to its purpose while responding to emerging challenges. If the forthcoming review succeeds in strengthening the Regulation where it is fragile, clarifying it where it is uncertain, and leaving what functions well intact, the EIR will remain a cornerstone of European cross-border insolvency law for years to come. Its enduring value lies in its capacity to provide a stable yet adaptable framework for addressing insolvency in an interconnected European economy.

Keywords: European Insolvency Regulation; EIR; Cross-Border; Insolvency Law; European Economy; Silver Jubilee; Review Agenda (search for similar items in EconPapers)
Date: 2026
ISBN: 9781035396436
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