Catching up with insolvency across EU member states
These have been tough years for the European businesses. Uncertainty is constant in an over-changing reality: a pandemic, international conflicts, high inflation, and supply chain breaks are some of the factors that have led to a paradigm shift.
The global economy is in a complex juncture that consequently affects the management and turnover of the companies also insolvency practitioners (IP) have to deal with. The time has come to ensure that the efficiency and effectiveness of legislative proposals correspond the real needs of the businesses.
EIP Association seeks, through this section, to keep all the players involved in the business to be informed of the latest developments in relation to the insolvency sector. Numerous measures have been implemented and promoted by the European Union so far. In this context, the harmonization of insolvency legislation shall be placed at the top of the European Union’s priorities, however considering the individual needs of the member states, with a due focus on smaller or different economies as well.
Latest Publications
Overview about Corona measures in Slovenia (II)
Lockdown measures have eased up, government says Covid is over in Slovenia Financial help (loans etc…) 2 Millions in loans given out to companies directly
Overview about Corona measures in Greece
On lockdown since the 23rd of March, Greece has adopted the following measures to face COVID-19 crisis. Financial help (loans etc…) 500 million € scheme
Overview about Corona measures in Estonia
On lockdown since the 13th of March, Estonia has adopted the following measures to face COVID-19 crisis. Financial help (loans etc…) The Government gave its
Overview about Corona measures in Finland
On lockdown since the 16th of March, Finland has adopted the following measures to face COVID-19 crisis. Financial help (loans etc…) ELY centers help for
Overview about Corona measures in Italy
On lockdown since the 8th of March, Italy has adopted the following measures to face COVID-19 crisis. Financial help (loans etc…) In order to support
Overview about Corona measures in Sweden
Sweden is one of the few countries who has not imposed a lockdown as other European countries to control the COVID-19 crisis. Regarding economy, these
Latest Publications
Overview about Corona measures in United Kingdom
Uk’s lockdown was announced the 23rd of March. The following measures have been adopted by the Government in order to face the crisis originated by
Overview about Corona measures in Slovenia
The Slovenian Government has adopted several measures to help businesses, employees and other participants on the market, which were affected by the COVID-19 epidemic. Below,
Overview about Corona measures in Denmark
Despite other countries in Europe, Denmark was the second country in the continent to announce a lockdown to limit the spread of coronavirus. Besides, it
Overview about Corona measures in France
Special Measures for Companies Financial help (loans etc…) Fast track procedures of credit appraisals for companies with tight cash flow situations (5 days) Postponement of
Overview about Corona measures in Lithuania
The Parliament of Lithuanian Republic has adopted amendments to the Law on the Insolvency of Legal Persons of the Republic of Lithuania on the effects of
Overview Corona measures in Austria
Suspension of the obligation to file for insolvency The obligation to file for insolvency due to over-indebtedness occurred in the period form 1 March to
Anti-crisis shield regarding Coronavirus in Poland
The obligation to file for insolvency, which applies for the management of corporations, is suspended until 30 September 2020, if illiquidity was caused by the pandemic.
Spanish measures to address the Covid-19 Crisis
The obligation to file for insolvency, which applies for the management of corporations, is suspended until 30 September 2020, if illiquidity was caused by the pandemic.
World Bank action plan on COVID-19 crisis – summary
The World Bank and IFC (International Finance Corporation) approved last 17th of March an increased $14 billion package of fast-track financing to help governments and companies in their efforts to prevent, detect and respond to Covid-19 Crisis. The package is aimed to reinforce the diverse national systems for public health.
