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EU court clarifies EIR rules on set aside in Italian v English law conflict case

By Richard Woolley

12 June 2017

EU court clarifies EIR rules on set aside in Italian v English law conflict case Wikimedia commons/Juliette Gibert

The Court of Justice of the European Communities has found that the law of an EU member state where insolvency proceedings are being heard has primacy over the law governing a contract, where it comes to voiding payments that were allegedly detrimental to all creditors.