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Insolvency: EU Law

Department for Business, Energy and Industrial Strategy written question – answered on 5th April 2018.

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Photo of Gary Streeter Gary Streeter Conservative, South West Devon

To ask the Secretary of State for Business, Energy and Industrial Strategy, what plans the Government has to introduce a legal framework after the UK has left the EU that will ensure UK restructuring and insolvency practitioners will be able to practice across the EU.

Photo of Andrew Griffiths Andrew Griffiths Parliamentary Under-Secretary (Department for Business, Energy and Industrial Strategy)

The exact future relationship between the EU and UK on civil judicial cooperation, including the recognition of insolvency and restructuring procedures, judgments and Insolvency Practitioner qualifications is subject to negotiations with our EU partners. It is in the interests of the UK and the EU that there continues to be an effective, and fit for purpose, framework for resolving cross-border legal disputes. The Government has made clear that an effective framework of civil judicial cooperation is an important part of the deep and special partnership we want to establish with the EU.

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