Press Release: Modern insolvency rules—European Commission kicks off EU-wide interconnection of insolvency registers

Press Release: Modern insolvency rules—European Commission kicks off EU-wide interconnection of insolvency registers

Original news:

Insolvency registers in the Czech Republic, Germany, Estonia, Netherlands, Austria, Romania and Slovenia are to be joined up under a European Commission initiative to create a one-stop shop for businesses, creditors and investors who want to invest in the EU. The pilot scheme aims to help businesses carry out checks in the same way as they would when investing in their home country. More countries are expected to join the interconnected insolvency register in the near future.

For info see the European Commission website:

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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.