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New EU Rules on Insolvency

New EU Rules on Insolvency

New rules on insolvency that aim to give struggling companies a second chance to improve their financial situation were approved by the European Parliament on 20th May 2015.

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EU-wide Insolvency Register Launched

European flag in Karlskrona 2011The European Commission has launched an EU-wide national insolvency register that links up databases from Germany, the Netherlands, Czech Republic, Estonia, Austria, Romania and Slovenia, with more Member States expected to join at a later stage.

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