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Original Report: Report on a new approach to business failure
Insol Europe is an independent organisation of lawyers, accountants, academics and judges specialising in insolvency law. It supports research, procures international co-operation and assists at developing standards in insolvency law and practice.
The study was commissioned to provide information on restructuring mechanisms already available in all member states, their main features, effective use, rate of success, cost to the debtor and length.
It provides the facts collected across the 28 member states in an Annex, and the report provides an analysis of this data, together with recommendations of the experts for an early preventive restructuring mechanism.
Different kinds of insolvency procee
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