Regulation (EU) 2015/848 of the European Parliament and of the Council of 20 May 2015 on insolvency proceedings (recast) (Recast Insolvency Regulation) applies to insolvencies beginning on or after 26 June 2017. It replaces and supersedes Council Regulation (EC) 1346/2000 on insolvency proceedings (Insolvency Regulation 2000).

It sets out conflicts of law rules for insolvency proceedings concerning debtors who have a centre of main interests in a member state of the EU and operations or assets in more than one EU member state.

The Recast Insolvency Regulation does not harmonise substantive law between EU member states. It is directly applicable (having automatic legal effect and prevailing over domestic legislation) in all member states excluding Denmark.

It now has effect in the UK only where main proceedings were opened before the end of the UK-EU transition period.

For more detail, see Practice note, The Recast Insolvency Regulation, and, in relation to the UK, Practice note, Brexit: restructuring and insolvency: the transition period and after.