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Restructuring Across Borders The Credit Institutions Regulations

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Gordon Stewart



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Marshall Jennifer
Jennifer Marshall



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01 January 2014

The Credit Institutions Regulations 2004 (the Regulations) determine in which EEA Member State1 reorganisation or insolvency proceedings can be commenced in respect of a credit institution, and the law that governs those proceedings. (Credit institutions are outside the scope of the EC Regulation on Insolvency Proceedings.)

The Regulations implement in the UK the Reorganisation and Winding Up of Credit Institutions Directive (2001/24/EC) (the Directive). Each EEA Member State was required to pass national law giving effect to the Directive by 5 May 2004.

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