The Council of the European Union has just given the green light to a new EU Law that aims to bring consistency to key aspects of insolvency rules across Member States.
For years, businesses and investors have had to navigate a patchwork of national regimes—each with its own procedures, timelines, and quirks. The new Directive marks a significant shift toward a more predictable and efficient regime.
By introducing common standards, the rules aim to maximise creditor recoveries and streamline insolvency … Read the rest