Insolvency consultation launched on EU's minimum standards

Insolvency consultation launched on EU's minimum standards

The Insolvency Service is seeking views on whether the European Commission’s recommended approaches to business failure would have the desired effect. In March 2014, the Commission set out minimum standards for member states to implement which would enable the efficient restructuring of businesses in financial difficulty. Responses to the recommendation must be submitted by 17 March 2015.

The Commission suggests there are discrepancies between national restructuring frameworks meani

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