Presenting the European finance ministers with the proposed single legal framework for corporate insolvency on Tuesday 7 November, the European Commissioner for Justice, Vera Jourova, received support from Germany and France on this complex dossier in connection with several aspects of national legislation.
It is estimated that 200,000 businesses go bust in the EU every year, or 600 a day, Commissioner Jourova stressed during her presentation. The text, which was presented by the Commission...