The Insolvency (Amendment)(EU Exit) Regulations 2019 (the Insolvency Exit Regulations) (2019 No 146) were made on 30 January 2019

The Insolvency Exit Regulations amend Regulation (EU) 2015/848 on Insolvency Proceedings by disapplying virtually all of its provisions such that the UK will not be obliged to recognise member state insolvency proceedings (unless a different basis for recognition, such as the Cross-Border Insolvency Regulations 2006 (the CBIR), applies

In essence, pursuant to the Insolvency Exit Regulations, the UK will retain a modified version of the  jurisdictional tests of "COMI" and "Establishment" as bases for jurisdiction to open insolvency proceedings and these will be in addition to the UK's domestic provisions on jurisdiction

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