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the presentation of Ms Baizeau - Lalive

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THE VIVENDI / ELEKTRIM English decision (1)<br />

Key principles <strong>of</strong> EC Regulation<br />

Ensure effective and efficient management <strong>of</strong> insolvency<br />

proceedings within internal market (no forum shopping)<br />

Universality: automatic recognition and effect <strong>of</strong> insolvency<br />

proceedings in an EU member state [Poland] in all o<strong>the</strong>r EU<br />

member states [including England] (Preamble para 22 & Art.<br />

16 and 17)<br />

Application <strong>of</strong> [Polish] insolvency law to such effects<br />

(Preamble para 23 & Art. 4)<br />

16

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