On Monday 4 June in Luxembourg, Justice Ministers from the EU member states reached an agreement on a partial general approach for the draft directive setting up a single legal framework for tackling business insolvency (see EUROPE 11673).
Věra Jourová, the European Commissioner for Justice stated, "Reaching a partial general approach (…) today will facilitate the completion of negotiations on the remaining parts".
It should be recalled that the draft compromise focuses on...