Critically discuss whether the use of COMI is effective in enhancing the coordination of cross border insolvencies in the EU member states.

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Critically discuss whether the use of COMI is effective in enhancing the coordination of cross border insolvencies in the EU member states.
September 7, 2020 Comments Off on Critically discuss whether the use of COMI is effective in enhancing the coordination of cross border insolvencies in the EU member states. Uncategorized Assignment-help
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In dealing with cross-border corporate insolvency under Regulation (EU) 2015/848 of the European Parliament and of the Council of 20 May 2015 on Insolvency Proceedings, the centre of main interests (COMI) is used in determining where a main insolvency procedure can be opened.  Critically discuss whether the use of COMI is effective in enhancing the coordination of cross border insolvencies in the EU member states.