New EU Regulation Protects Creditors' Rights in Insolvency Proceedings
The article discusses how creditors can claim their rights in insolvency proceedings, both in the main proceedings and any secondary ones. It explains how secondary proceedings can be opened, dividing the debtor's assets and leading to multiple insolvency processes. The main goal is to protect creditors' interests by ensuring a fair distribution of assets. The key finding is that creditors can submit their claims in both main and secondary insolvency proceedings.