Memo: Giving honest businesses a second chance: European Parliament committee backs Commission’s insolvency proposal

The Legal Affairs Committee (JURI) on 17 December 2013 supported a European Commission proposal to modernise Europe’s rules on cross-border business insolvency, helping to give otherwise viable businesses a 'second chance'.

The proposed modernisation of the EU’s Insolvency rules – the Regulation in force at present dates from 2000 – is a key first step to bringing EU insolvency law into the 21st century.

• Primary Source

ESO: Background Information: Giving honest businesses a second chance: Commission proposes modern insolvency rules http://www.europeansources.info/record/press-release-giving-honest-businesses-a-second-chance-commission-proposes-modern-insolvency-rules/

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