Table of Contents

• Jurisdiction: United States

Table of Contents

Preface..........................................................................1

1. EIR Recast Background............................................9

1.1 Introduction............................................................9

1.2 EIR Recast: Doubled in Size.................................11

2. Scope of EIR Recast................................................13

2.1 Material Scope.......................................................14

2.2 Temporal Scope.....................................................17

2.3 Personal Scope.......................................................18

2.4 Territorial Scope....................................................19

3. International Jurisdiction......................................23

3.1 Main Insolvency Proceedings: COMI..................24

3.2 COMI Presumptions.............................................26

3.3 COMI Under EIR Recast and UNCITRAL Model Law.................................29

3.4 Secondary Insolvency Proceedings in EIR Recast Framework.....................................31

3.5 Related Actions......................................................32

4. Law Applicable to Insolvency Proceedings and Their Effects.....................................................39

4.1 Third Parties' Rights In Rem.................................42

4.2 Detrimental Acts...................................................46

4.3 Contracts of Employment.....................................48

4.4 Reservation of Title...............................................50

4.5 Setoff.......................................................................51

4.6 Protection of Third-Party Purchasers..................53

4.7 Contracts Relating to Immovable Property.........54

4.8 European Patents with Unitary Effects and Community Trademarks...............................55

4.9 Effects on Rights Subject to Registration.............56

4.10 Payment Systems and Financial Markets.............57

4.11 Effects of Insolvency Proceedings on Pending Lawsuits or Arbitral Proceedings..........59

5. Recognition and Enforcement of Insolvency and Related Judgments........................63

5.1 Immediate and Automatic Recognition...............64

5.2 Recognition of Insolvency-Related Judgments.... 65

5.3 Effects of Recognition...........................................66

5.4 Enforcement of Insolvency and Related Judgments ..68

6. Powers of Insolvency Practitioners........................69

7. Return and...