EU court adviser says Curaçao bankruptcy does not bar German bank attachment
An advocate general at the Court of Justice of the European Union advised that a German claimant may still seek an EU bank-freezing order against a gambling company undergoing bankruptcy proceedings in Curaçao. The opinion says the EU regulation’s insolvency exclusion covers proceedings opened in EU member states, while the final court ruling is pending.
The advice could affect creditors seeking to freeze gambling companies’ assets across EU member states despite third-country insolvency proceedings.