EU Restructuring Framework

Following up to its recommendation published in 2014 (C(2014) 1500 final of 12 March 2014) the European Commission has issued on 16 November 2016 a proposal for a directive of the European Parliament and of the Council on preventive restructuring frameworks, second chance and measures to increase the efficiency of restructuring, insolvency and discharge procedures.

For your information Schultze & Braun has assembled hereafter the essential documents of the ongoing legislative process as well as a selection of contributions from the major associations of insolvency professionals.

Deutsche Version / Version française / Versione italiana

  1. Draft Directive
    Proposal for a DIRECTIVE OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL on preventive restructuring frameworks, second chance and measures to increase the efficiency of restructuring, insolvency and discharge procedures and amending Directive 2012/30/EU

    COM(2016) 723 final 2016/0359(COD)
    http://eur-lex.europa.eu/legal-content/EN/TXT/HTML/?uri=CELEX%3A52016PC0723&from=DE

  2. Statement of the Working Group Insolvency and Restructuring of the German Bar Association (DAV) (Only in German)
    http://arge-insolvenzrecht.de/files/downloads/aktuelles/meldungen/DAV-SN_InsO_17-2017.pdf

  3. Statement of the Association of European Insolvency Practitioners‘ organizations (EIP) concerning the draft Directive of pre-insolvency restructuring procedures
    http://arge-insolvenzrecht.de/files/downloads/aktuelles/meldungen/2017030117_08_45.pdf

  4. Statement of the Association of Insolvency Administrators in Germany (VID) concerning proposal for a Directive of the European Parlament and of the Council on preventive restructuring frameworks, second chance and measures to increase the efficiency of restructuring, insolvency and discharge procedures and amending Directive 2012/30/EU(COM (2016) 723 final) (Only in German)
    http://www.vid.de/stellungnahmen/stellungnahme-des-vid-zum-vorschlag-fuer-eine-richtlinie-des-europaeischen-parlaments-und-des-rates-ueber-praeventive-restrukturierungsrahmen-die-zweite-chance-und-massnahmen-zur-steigerung-der-effiz/

  5. Statement EESC of 29.3.2017
    Opinion of the Economic and Social Committee on the ‘Proposal for a Directive of the European Parliament and of the Council on preventive restructuring frameworks, second chance and measures to increase the efficiency of restructuring, insolvency and discharge procedures and amending Directive 2012/30/EU’

    (COM(2016) 723 final — 2016/0359 (COD))

    (2017/C 209/04)
    http://eur-lex.europa.eu/legal-content/EN/TXT/HTML/?uri=CELEX%3A52016AE6275&from=DE

  6. Statement ECB
    Opinion of the European Central Bank of 7 June 2017 on a proposal for a directive of the European Parliament and of the Council on preventive restructuring frameworks, second chance and measures to increase the efficiency of restructuring, insolvency and discharge procedures and amending Directive 2012/30/EU

    (CON/2017/22)

    (2017/C 236/02)
    http://eur-lex.europa.eu/legal-content/EN/TXT/HTML/?uri=CELEX%3A52017AB0022&from=DE

  7. Suggestion of the Association of Insolvency Administrators in Germany (VID) to amend the Proposal for a Directive of the European Parliament and of the Council on preventive restructuring frameworks, second chance and measures to increase the efficiency of restructuring, insolvency and discharge procedures and amending Directive 2012/30/EU(COM (2016) 723 final) (Only in German)
    http://www.vid.de/stellungnahmen/aenderungsvorschlaege-des-vid-zum-text-des-vorschlags-fuer-eine-richtlinie-des-europaeischen-parlaments-und-des-rates-ueber-praeventive-restrukturierungsrahmen-die-zweite-chance-und-massnahmen-zur/

  8. PE 610.684v01-00
    25 September 2017
    Committee on Legal Affairs - Rapporteur: Angelika Niebler        
    DRAFT REPORT on the proposal for a Directive of the European Parliament and of the Council on preventive restructuring frameworks, second chance and measures to increase the efficiency of restructuring, insolvency and discharge procedures and amending Directive 2012/30/EU
    http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+COMPARL+PE-610.684+01+DOC+PDF+V0//EN&language=EN

  9. Reasoned opinions and contributions of national Parliaments regarding the draft Directive
    http://www.connefof.europarl.europa.eu/connefof/app/exp/COM(2016)0723

  10. PE 601.220v02-00
    10 October 2017
    Committee on Employment and Social Affairs - Rapporteur: Edouard Martin
    DRAFT OPINION of the Committee on Employment and Social Affairs for the Committee on Legal Affairs on the proposal for a directive of the European Parliament and of the Council on preventive restructuring frameworks, second chance and measures to increase the efficiency of restructuring, insolvency and discharge procedures and amending Directive 2012/30/EU
    http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-%2F%2FEP%2F%2FNONSGML+COMPARL+PE-601.220+02+DOC+PDF+V0%2F%2FEN&language=EN