Insolvency & Restructuring, European Union updates

 
European Commission proposes directive on preventive restructuring frameworks
  • European Union
  • 16 March 2018

The European Commission has proposed a directive on preventive restructuring frameworks in order to reduce significant barriers to the free flow of capital caused by differences in member states' restructuring and insolvency frameworks. It aims for all member states to implement key principles for effective preventive restructuring and second-chance frameworks, as well as measures to improve the quality and efficiency of all types of insolvency procedure by reducing their length and associated costs.

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