Should European simplified liquidation procedures for micro-enterprises be abolished? This was the position defended by the European Parliament’s rapporteur on the draft directive on the harmonisation of insolvency law, Emil Radev (EPP, Bulgarian), who presented his text to Parliament’s Committee on Legal Affairs (JURI) on Wednesday 9 April.
Proposed in 2022 (see EUROPE B13079A2), the text aims to reduce differences between national systems in terms of the duration, costs and recovery...