Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-11-15-Speech-2-434-035"

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"en.20111115.27.2-434-035"2
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"Disparities between national insolvency laws often create competitive advantages or disadvantages and difficulties for companies with cross-border activities, which could become obstacles to a successful restructuring of insolvent companies. It would therefore be prudent to harmonise across Europe the conditions under which insolvency proceedings can be opened. The Committee on Legal Affairs has quite rightly identified four points for future legislative initiatives. In addition to harmonisation, where possible, it would be good to see a revision of the Insolvency Regulation, where still necessary, and where practice has proven that improvements can be made. Thirdly, it would also be a good idea to improve cooperation among liquidators and cooperation in general on the administrative level in cases where enterprises that are part of a group of companies become insolvent. Lastly, the creation of an EU Registry for insolvency cases was suggested. The recommendations are designed to serve as guidelines for the Commission to reform the issue, ending differences between national legislation."@en1

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