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Insolvency and Banking Law
The Eurojuris PG "Insolvency" was founded in April, 2002, in Linz, Austria, by the chairman of Lawnet Austria, member of Eurojuris International, Richard Proksch.
The impetus to found this PG was the fact that the EU-Council Regulation Nr.1346/2000 of May 29th, 2000, came into force on the 31st of May, 2002, and became a binding collection of rules for every Insolvency-proceeding having just any cross-boarder connection, and which especially both lawyers and judges since then have to observe.
Therefore this PG has always tried to look at academic questions as well as at practical matters, and to several meetings we invited guests like judges dealing with Insolvency-proceedings or guest-speakers like university-professor Alfred Burgstaller, Linz, who gave the initial speech about the above-mentioned regulation.
Meetings in Vienna, Nice, Brussels, Sevilla, Sorrento, Prague and Porto have already taken place, and they were joined by Eurojuris-members from Austria, Belgium, France, Germany, Ireland, Italy, the Netherlands, Norway, Spain and the U.K. At the moment the chairman of the group is Edmund Roehlich from Vienna.
The aims of the PG Insolvency law are international information and exchange of ideas about Insolvency-law-systems and proceedings between Eurojuris-members who are experts practising in this field. The PG should be a platform to speak and discuss about recent developments of national law-systems and personal experiences of each member, and furthermore to build a basis for international cooperation.
The information and relationship given by the PG Insolvency is useful for lawyers being appointed liquidators as well as for those representing and advising debtors or creditors.
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