The impact of a "no deal" Brexit on UK/EU cross border insolvencies Throughout the transition period the Recast Regulation has continued to operate as between the UK and the remaining member states. The Withdrawal Agreement provides specifically in relation to the Recast Regulation that: " In the United Kingdom, as well as in the Member States in situations involving the United Kingdom, the following provisions shall apply as follows: ... (c) Regulation (EU) 2015/848 of the European Parliament and of the Council shall apply to insolvency proceedings, and actions referred to in Article 6(1) of that Regulation, provided that the main proceedings were opened before the end of the