insolvency

/Tag:insolvency

Early restructuring and a second chance for entrepreneurs: A modern and streamlined approach to business insolvency

EU Fact Sheet - November 2016 Every year in the EU, 200 000 firms go bankrupt, resulting in over 1.7 million people losing their jobs. A well-functioning insolvency framework is essential to support growth and business creation. That is why the European Commission is putting forward modern and streamlined insolvency rules that will facilitate restructuring, [...]

By | November 27th, 2016|Hot Topics, Reading Room|Comments Off on Early restructuring and a second chance for entrepreneurs: A modern and streamlined approach to business insolvency

Commission proposes new approach to business insolvency in Europe: promoting early restructuring to support growth and protect jobs

On 22 November 2016 - Commission has adopted its proposal for a Directive on preventive restructuring frameworks, second chance and measures to increase the efficiency of restructuring, insolvency and discharge procedures. A copy of the proposal can be found HERE The proposal will be now negociated with the Member States and the EU Parliament: EFIN [...]

By | November 27th, 2016|Hot Topics, Reading Room, We Advocate|Comments Off on Commission proposes new approach to business insolvency in Europe: promoting early restructuring to support growth and protect jobs

A meaningful initiative for EFIN members active in the fight against over-indebtedness!

The second meeting organized by DG Justice has been organised in Brussels on insolvency of businesses and consumers. The participants were the stakeholders represented in Brussels interested in these questions (EBF, BusinessEurope, ETUC, UEAPME, Eurochambers ... ..and EFIN). The programme includes the presentation of the main features of the future instrument (Mr. Hooijer insists in [...]

By | July 18th, 2016|Hot Topics|Comments Off on A meaningful initiative for EFIN members active in the fight against over-indebtedness!

Convergence of insolvency frameworks within the European Union – the way forward

12th July,  Brussels Conference organised under the auspices of the Slovak Presidency of the Council of the European Union. In the context of the 2015 Capital Markets Union Action plan and Internal Market Strategy, the European Commission is in the process of preparing a legislative initiative addressing certain aspects of substantive insolvency laws. This initiative [...]

By | July 12th, 2016|Events|Comments Off on Convergence of insolvency frameworks within the European Union – the way forward

Consultation on an effective insolvency framework within the EU

From 23 March 2016 to 14 June 2016 (12 weeks) Objective of the consultation This consultation seeks stakeholders' views on key insolvency aspects. In particular, it seeks views with regard to common principles and standards which could ensure that national insolvency frameworks work well, especially in a cross-border context. The responses will be used to [...]

By | June 14th, 2016|Hot Topics|Comments Off on Consultation on an effective insolvency framework within the EU

Consultation on an effective insolvency framework within the EU

From 23 March 2016 to 14 June 2016 (12 weeks) Objective of the consultation This consultation seeks stakeholders' views on key insolvency aspects. In particular, it seeks views with regard to common principles and standards which could ensure that national insolvency frameworks work well, especially in a cross-border context. The responses will be used to [...]

By | June 14th, 2016|Hot Topics|Comments Off on Consultation on an effective insolvency framework within the EU

Personal Insolvency – The EU Commission is giving an opportunity to common principles…

A meaningful initiative for EFIN members active in the fight against over-indebtedness! A first meeting organized by DG Justice has been organised in Brussels on their ongoing work on insolvency of businesses and consumers. The participants were the stakeholders represented in Brussels interested in these questions (EBF, BusinessEurope, ETUC, UEAPME, Eurochambers ... ..and EFIN). Discussions [...]

By | June 10th, 2016|Events|Comments Off on Personal Insolvency – The EU Commission is giving an opportunity to common principles…

EU Consumer Over-indebtedness and Insolvency in the UK, Germany, Italy and Greece – Is there a need for a comprehensive EU reform to protect consumers in financial difficulties?

EU Consumer Over-indebtedness and Insolvency in the UK, Germany, Italy and Greece - Is there a need for a comprehensive EU reform to protect consumers in financial difficulties? 20 May 2016, Brunel University London - EFIN Speaker  / By Martin Schmalzried (COFACE) and Olivier Jérusalmy (EFIN) The major issue of the conference was about identifying [...]

By | May 20th, 2016|Events|Comments Off on EU Consumer Over-indebtedness and Insolvency in the UK, Germany, Italy and Greece – Is there a need for a comprehensive EU reform to protect consumers in financial difficulties?

SHOULD HOUSEHOLDSREPAY THEIR DEBTS?

SHOULD HOUSEHOLDSREPAY THEIR DEBTS? Professor Iain Ramsay | Think Kent An amazing presentation of personal insolvency potential benefit for the Society We assume that everyone should repay their debts and that credit would dry up if individuals did not do so. But is this true? In this lecture, Professor Iain Ramsay from Kent Law School, [...]

By | May 18th, 2016|Reading Room|Comments Off on SHOULD HOUSEHOLDSREPAY THEIR DEBTS?

Focus on the Insolvency roadmap: Does it open a door to the EU personal insolvency issue?

Have a look on this extract of the roadmap, dedicated to the issue behind this Commission initiative, this is not “exclusively” dedicated to companies, its open perspective for personal insolvency : The lack of efficient restructuring framework and inefficient insolvency proceedings for companies and natural persons leads to a high amount of accumulated private debt. [...]

By | March 18th, 2016|Hot Topics|Comments Off on Focus on the Insolvency roadmap: Does it open a door to the EU personal insolvency issue?