This major new work provides a complete analysis of the EC Council Regulation on Insolvency Proceedings, which takes direct effect in Member States without need for national legislation. The Regulation has a considerable impact upon insolvency proceedings throughout the EU, and is also of major significance to parties based outside the EU which have any kind of credit-based relationship with parties operating within the EU, or which have property interests located inside the EU. The book contains a series of topic-based narrative chapters, followed by a detailed article-by-article commentary on the Regulation itself, with cross-references to the preceding chapters. It is written by a small team of top specialists, including the three editors, and also draws upon the comments of a team of consultant experts across Europe. It will have international appeal to all law firms, libraries and institutions with a specialism in corporate or commercial law.