Brussels, 13/12/2012 (Agence Europe) - On 12 December in Strasbourg, the European Commission proposed a revision of its rules on cross-border insolvency procedures. A press release indicated that these rules would no longer be exclusively focused on liquidating businesses but would also focus on ways to rescue viable companies, whilst protecting the right of creditors to get paid.
The proposal revises a regulation of 2000 and adapts it to the current context of crisis. According to...