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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About the author:
Eleanor qualified in 1998 into the insolvency team at ASB law. She became a partner in 2005, and went on to head up the Recovery & Insolvency team. Whilst traditionally specialising mainly in contentious corporate insolvency matters, in recent years she has moved into the non contentious arena, in particular specialising in company administrations.