The Government has opened a consultation process ahead of a proposed EU directive aimed at harmonising some aspects of insolvency laws across the EU.
The process is being organised by the Department of Enterprise, Trade and Employment, the Department of Justice, and the Department of Finance.
It follows the publication on 7 December of the European Commission’s draft proposal, which will be discussed by the EU Council and the European Parliament.
The departments say that the proposal would affect Irish company-insolvency law, personal-insolvency law, and bankruptcy law.
Efficiency
The proposed directive is aimed at making insolvency rules in the EU more efficient and effective, with a view to facilitating more cross-border investment….
Read the full article at: https://www.lawsociety.ie/gazette/top-stories/2023/february/views-sought-on-eus-insolvency-proposals