Commission to propose a new approach to business insolvency in Europe

Today the College will adopt a new set of European rules to increase opportunities for companies in financial difficulties to restructure early in order to prevent bankruptcy and the loss of jobs. As a key deliverable under both the Capital Markets Action Plan and the Single Market Strategy, the new rules will help remove important barriers to the development of capital markets in the EU by providing legal certainty to cross-border investors and companies operating across the EU. The rules will help attract investors, create and preserve jobs, and help economies absorb economic shocks. Commissioner Jourová will present the proposal in Strasbourg today at 17:00, follow live via EbS.