Harmonisation of Insolvency Law at EU Level with Respect to Opening of Proceedings, Claims Filing and Verification and Reorganisation Plans

15-03-2011

This briefing note refers to recommendations regarding the harmonisation of laws of Member States regulating insolvency proceedings, and, without being exhaustive, further explores arguments for harmonisation and potential difficulties that occur, or may occur, as a result of differences between laws in the following three areas: opening of insolvency proceedings; claims filing and verification; reorganisation plans.

This briefing note refers to recommendations regarding the harmonisation of laws of Member States regulating insolvency proceedings, and, without being exhaustive, further explores arguments for harmonisation and potential difficulties that occur, or may occur, as a result of differences between laws in the following three areas: opening of insolvency proceedings; claims filing and verification; reorganisation plans.