The European Parliament’s Committee on Legal Affairs held a public hearing on the harmonisation of insolvency law on Wednesday 29 January.
In December 2022(see EUROPE B13079A2), the Commission proposed a text aimed at simplifying and standardising certain procedures, particularly for micro-enterprises. While the aim is to reduce costs and speed up procedures, several experts and MEPs have expressed strong reservations.
For example, Professor Björn Laukemann, a specialist in...