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Feed/COD2022/0408(COD)Justice & Rights

Harmonisation of insolvency law

COMCMT1R-EP1R-C2R-EPCNCADO
Updated 4mo ago
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This procedure aims to create more consistent rules for insolvency across the European Union. By aligning how bankruptcies and company failures are handled, the EU seeks to reduce legal uncertainty and make it easier for businesses to operate across borders.

This will primarily affect companies facing financial distress, creditors, and legal professionals. It aims to ensure fairer treatment of creditors and provide clearer paths for business restructuring.