Wednesday 23 November 2016

Europe: Commission proposes new insolvency Directive

The European Commission yesterday published its proposals for a new insolvency Directive, the purpose of which is to ensure that all Member States have key principles in place regarding restructuring and 'second chance' frameworks, and to increase the efficiency of existing insolvency procedures. For further information see: Proposal (pdf) | Q & A | Factsheet (pdf) | Country specific factsheets |.

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