European Commission Proposes to Harmonise Insolvency Laws across Member States

December 15, 2016

The EC announced proposals intended to harmonise national insolvency laws across the EU through a proposed directive “on preventative restructuring frameworks, second chance and measures to increase the efficiency of restructuring, insolvency and discharge procedures”. This directive will be of particular interest to investment managers that focus on turnaround situations, as well as of general interest to investors, as barriers to the development of capital markets in the EU continue to be addressed.

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