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Insolvency laws: increasing convergence of national laws to encourage cross-border investment
Proposal for a DIRECTIVE OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL harmonising certain aspects of insolvency law
Initiative summary:
This initiative aims to address the main discrepancies in national substantive insolvency laws, which were recognized as obstacles to a well-functioning Capital Market Union. Efficient insolvency laws are among key criteria for investors to decide on whether to invest cross-border. Enhancing confidence in cross-border financing will boost the capital markets in the Union.