Commission proposes new approach to business insolvency in Europe
date: 22/11/2016
This initiative is part of the Capital Markets Union Action Plan and the Single Market Strategy. It will contribute to removing key barriers to the development of capital markets in the EU by providing legal certainty to cross-border investors and companies operating across the EU. The new rules will help attract investors, create and preserve jobs, as well as help economies absorb economic shocks. Currently, too many viable companies in financial difficulties are steered towards liquidation rather than early restructuring and very few honest entrepreneurs get a second chance.
For more information
- Proposal
- Press release
- MEMO
- EU Factsheet
- Country-specific factsheets
Other documents
Related Justice
Civil Justice
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