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
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.
European action plan on COVID-19 crisis – summary
The European Union has established a Temporary Regulatory Framework. This mechanism aims to support the Member State’s economy during this current context.
Short overview about “Corona Ad Hoc Measures” from EU member States: Germany
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.
Comments & Articles – coming soon!
EIP Association is gathering articles, papers, statements and links to any document related to the COVID-19 crisis and the Insolvency Practitioners activity, so you can have access to all of this information in one place.
