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Abstract
After the guidance given in May by the European Court of Justice (ECJ), the Irish Supreme Court has now ruled in the case of Eurofood IFSC Limited. This follows two and a half years of competing arguments in the Irish and Italian Courts on whether Eurofood's centre of main interests (Comi) was in Ireland or Italy. However, uncertainties still remain on interpretation of the EU Insolvency Regulation, partly because the questions put before the ECJ were narrow. Interest in the meaning of Comi has extended beyond the EU member states. Now Comi has found its way into the US chapter 15 legislation and the Uncitral Model Law, it is the buzzword for every international restructuring professional. The key areas of uncertainty and controversy left by the judgment are highlighted in this article. Although this may be one of the final pieces in the Eurofood jigsaw, the picture for the EU Regulation is still far from complete.