Business Insolvency

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Mnenje EESO: Business Insolvency

While supporting the proposal for a directive on preventive restructuring and second chances, the EESC would prefer to see the proposal take the form of a regulation and not be afraid to move towards the maximum possible harmonisation of current systems.

Key points:

The EESC:

  • would prefer to see the proposal take the form of a regulation and not be afraid to move towards the maximum possible harmonisation of current systems;
  • insists that an obligation on company management to inform and consult employees prior to and during negotiations be formally specified in the directive;
  • recommends, in the event of insolvency, guaranteeing the status of all workers as priority creditors in all Member States;
  • considers it necessary to check entrepreneurs' reliability criteria in terms of honest professional behaviour; and
  • advocates that the directive consider the abuse of the insolvency procedure by management in order to deny workers their rights as an illegal practice.

Other relevant EESC opinions:

For more information please contact the INT Section Secretariat.

Downloads

CEPS Report

EP Report

EP Study