Brussels, 02/04/2012 (Agence Europe) - The European Commission has opened a public consultation exercise that will last until Thursday 21 June on whether EU Regulation 1346/2000 on insolvency rules should be changed. The rules lay down how bankruptcies of individuals or companies in more than one member state should be coordinated (which legal system applies and coordination among legal bodies). Nearly half of companies in the EU last fewer than five years. In 2010, around 220,000 companies...