Question to the Department for Business, Energy and Industrial Strategy:
To ask the Secretary of State for Business, Energy and Industrial Strategy, what assessment his Department has made of the need to secure an agreement on mutual recognition of judgments and appointments in respect of insolvency after the UK leaves the EU.
The Government has made clear that an effective framework of civil judicial cooperation is an important part of the deep and special partnership we want to establish with the EU on exit. It is in the interests of the UK and the EU that there continues to be an effective framework for resolving cross-border legal disputes, including insolvency, after we leave.
This was set out in the Government’s position paper on Civil Judicial Cooperation, “Providing a cross-border civil judicial cooperation framework” issued on 22 August 2017 and confirmed in the White Paper “The future relationship between the United Kingdom and the European Union” published on 12 July 2018.