insolvency guide

Insights

A guide to pre-insolvency and insolvency proceedings across Europe 

   

This guide provides an overview of and insight into the main provisions of bankruptcy laws in various European countries. It has been prepared by Deloitte Legal Insolvency Group practitioners with the support and contribution of Deloitte Legal practices in 19 countries to help to help companies in financial crisis understand the different regimes and regulations that may apply.

According to the European Commission, companies and individuals in the EU are increasingly establishing business activities or economic interests in EU countries other than where their core activities are located. At the same time the global financial crisis of 2007 - 2008 leading to the great recession of 2008 - 2012 is still being felt and has pushed many businesses into a state of instability. Although the insolvency rates in EU are falling (unlike other regions in the world), the annual number of failures still remains above the levels before the crisis in several Member States and some business leaders are struggling with difficult choices about the future. There have also been significant reform since the last edition of the guide at national and EU level with a recast EU Insolvency Regulation 2015/848 May 2015.

This guide provides an overview of and insight into the main provisions of bankruptcy laws in various European countries. It has been prepared by Deloitte Legal Insolvency Group practitioners with the support and contribution of Deloitte Legal practices in 19 countries to help to help companies in financial crisis understand the different regimes and regulations that may apply.

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