24 June 2016 — Consultation Response
We are in favor of achieving a minimum level of harmonization across the EU, especially when it comes to cross-border proceedings. Allowing the Single Market to work effectively remains of key importance, with no negative impact on any well-functioning regime across Europe. An appropriate insolvency framework should ensure that any viable businesses can be restructured and continue operating, while non-viable ones can be quickly liquidated.
We are committed to further contribute to the debate and to monitor profession’s involvement in insolvency proceedings across the EU.