On Wednesday 26 September, the ambassadors of the member states of the EU (Coreper) gave their blessing to the compromise text on the proposed directive establishing a single legal framework to deal with corporate insolvency (see EUROPE 11673), a European diplomat has confirmed. The text will be put before the European justice ministers for adoption at their meeting of 11 October.
Readers may recall that the member states had already agreed, in June of this year (see EUROPE 12033), on a...