Brussels, 05/12/2015 (Agence Europe) - EU justice ministers, on Thursday 4 December, approved a political agreement (reached with the European Parliament) on new European insolvency rules that seek to give still viable firms a second chance.
The proposal for a regulation by the European Commission in December 2012 seeks to limit the damage caused by cross-border bankruptcies which every year affect 50,000 companies and make 400,000 people redundant. The new rules are expected to be formally...