Enhancing the convergence of insolvency proceedings

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Background

Efficient insolvency laws are one of the key criteria for investors to decide on whether to invest across borders. Increasing confidence in cross-border financing will boost the Union’s capital markets. This initiative will address the main discrepancies in national corporate (non-bank) insolvency laws, which have been recognised as obstacles to a well-functioning Capital Markets Union. It will consider the legitimate interests of all creditor groups, from investors and the public purse to employees and consumers.

Practical information

For more information please contact the INT Section Secretariat