Interconnection of insolvency registers

This part deals with the interconnection of insolvency registers, which is stipulated in Article 25 of the EU Regulation on Insolvency Proceedings (EIR). It examines the establishment of online insolvency registers in Member States, which is an important step in making information on insolvency proceedings publicly available. It also talks about the establishment of a decentralised system for the interconnection of insolvency registers, which will be composed of the insolvency registers and the European e-Justice Portal. The part examines the requirement of the Commission to take a number of steps by means of implementing acts before the interconnection of the insolvency registers of the Member States. It outlines the steps required of the Commission in connection with Article 25, which included the adoption of the technical specifications of the system of interconnection and the adoption of minimum search criteria.