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EU law harmonizing certain aspects of insolvency rules adopted by governments

( June 12, 2025, 10:56 GMT | Official Statement) -- MLex Summary: EU member states today agreed on their position regarding a directive aimed at harmonizing certain aspects of insolvency law. The proposal, unveiled in December 2022, forms part of a broader package to advance the EU’s Capital Markets Union. Last year, governments reached consensus on key elements of the draft directive, including measures to safeguard the insolvency estate, directors’ obligations to initiate proceedings, and transparency requirements. Talks with the European Parliament to finalize the legislation can now begin.Press release follows....

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