The fate of UK Cross-Border Insolvency After Brexit

The European Union (EU) is a sui generis international organisation created with the scope of enhancing trade among its Member States. Since the founding treaties, the EU has developed intensively. Its four freedoms (freedom of movement of citizens, goods, services, and capitals) allow citizens and companies of the EU Member States to cooperate within the Union. Moreover, the EU secondary legalisation covers substantial parts of the law that are intertwined with national law. Nowadays the EU legislation covers not only matters of free movement and trade but it has expanded outside the economic scopes to afford protection to social issues such as consumers, workers, and the environment.