In Luxembourg on Thursday 11 October, the European justice ministers reached agreement on a general approach to the proposed directive establishing a single legal framework to deal with corporate insolvency (see EUROPE 11673).
"Of course, we have all had to make compromises", said the Austrian minister, Josef Moser, who considers that they have ended up with a "balanced" text.
Back in June (see EUROPE 12033), the member states agreed on a 'partial general approach' and, on 26 September, the...