Brussels, 23/03/2016 (Agence Europe) - On Wednesday 23 March, the European Commission launched a public consultation on an effective insolvency framework for the EU.
It feels that a lack of effectiveness and differences of approach in this area are making it harder for investors to assess the credit risk, particularly for cross-border investments. The European Commission states that it wishes to help businesses to overcome financial difficulties, whilst maximising the value received by the...