Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-11-15-Speech-2-434-478"
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"en.20111115.27.2-434-478"2
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"I welcomed this proposal because disparities between national insolvency laws create competitive advantages or disadvantages and difficulties for companies with cross-border activities which might hamper the successful restructuring of insolvent companies. These disparities favour forum-shopping. I believe that it would be beneficial for the internal market if all companies enjoyed a level playing field and competition was not distorted. The Commission is therefore requested to submit to Parliament one or more legislative proposals relating to an EU corporate insolvency framework, in line with the detailed recommendations set out in the annex of this proposal, in order to ensure a level playing field based on a detailed analysis of all viable alternatives."@en1
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