Informal Meeting of Ministers for Justice and Home Affairs, Dublin: extracts from the press conference
Lieu: Dublin, Ireland - George’s Hall
End production: 18/01/2013 First transmission: 18/01/2013
The Informal Justice and Home Affairs (JHA) Council set its agenda for the first half of 2013. The meeting was attended today by the Justice Ministers.
Discussions focused on the priorities for the Irish Presidency, including data protection measures and the modernisation of European Cross-Border Insolvency Law.
Only the original language version is authentic and it prevails in the event of its differing from the translated versions.
||General views of the press conference room (3 shots)
||SOUNDBITE (English) by Alan Shatter, Irish Minister for Justice, Equality and Defence, on modernising Europe’s rules in cross-border insolvencies, saying that there was particular support for the proposal (of the European Commission) with regards to giving struggling businesses a second chance. Many helpful suggestions (by Member States) were put forward. Ministers identified the need to focus on what is referred to as bankruptcy tourism, to ensure that mechanisms are available for those who are truly insolvent and if there is an issue of bankruptcy, that it is dealt with in the truly appropriate jurisdiction. There was an interesting discussion not only addressing the difficulties of debtors but also protecting the rights of creditors.
||Cutaways (2 shots)
||SOUNDBITE (English) by Viviane Reding, Vice-President of the EC in charge of Justice, Fundamental Rights and Citizenship, on the same issue, saying that today's discussion reflects good examples on how justice can be a real growth-enhancer. Right rules regarding insolvencies give a second chance. Around 50% of the European companies only last five years. 200,000 insolvencies per year in Europe mean 1.7 million job losses. Enterprises should be preserved instead of dissolved. There is a cross-border impact as well. A quarter of the bankrupted companies are operating in several Member States. Most of them are SMEs. Hopefully this new legislation will preserve entrepreneurial energy, give legal certainty to investors and preserve jobs.
||Cutaways (2 shots)