EIP appreciates the opportunity to comment on the amendments proposed by the ECON Draft Opinion of 5 February 2025 (ECON Draft report) and the Committee on Legal Affairs Draft Report of 20 March 2025 (Committee on Legal Affairs Draft Report) on the EU Commission’s proposal for a directive (Insolvency III) on the harmonisation of certain aspects of insolvency law dated 07.12.2022 (COM (2022) 702 final)

EIP is an independent, self-funding association founded by European Insolvency Practitioners’ organizations. The creation of EIP in May 2016 was motivated by the clear belief of the various members to improve procedures efficiency. Currently EIP represents the following 15 member associations with about 4.900 individual members in 12 Member States of the European Union:

EIP is listed in the lobby registry of the European Union under the number 497384739938-25.

EIP has already intensively dealt with the proposal for a new Directive (in the following the “Proposal”) in six working groups consisting of representatives of EIP’s national member organizations. In principle EIP welcomes the Proposal with regard to the topics Avoidance Law (Title II), Asset Tracing (Title III), Pre-pack proceedings (Title IV), Directors’ Duties and Liabilities (Title V) and Creditors’ Committee (Title VII). Please view our published position paper from the 07.03.2023.