Brussels, 07/04/2015 (Agence Europe) - AFME, which represents the major international banks, is calling for European-level harmonisation of the national insolvency laws.
“Differences between national insolvency and restructuring regimes create uncertainty and increase costs for issuers and investors, discourage cross-border investment and often lead to liquidation rather than providing an opportunity to restructure a company in financial difficulty”, the organisation states in a letter...