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The aim is to harmonize aspects of insolvency law among EU member states, particularly concerning corporate groups.

July 15, 2026Scandinavian studies in law0 citationsOpen Access

International Insolvency Law and Corporate Groups

Key Points

The aim is to harmonize aspects of insolvency law among EU member states, particularly concerning corporate groups.
Proposals for directives introduced by the Council of the European Union and European Commission.
Focus on preventive restructuring frameworks and measures for debt discharge and disqualifications.
Updates to existing directives to enhance efficiency in insolvency and restructuring processes.
New frameworks aim to streamline corporate insolvency procedures across EU states.
Increased efficiency in debt discharge processes for corporate groups proposed.
Harmonization is expected to support better management of cross-border insolvencies.

Abstract

Council of the European Union, 'Proposal for a Directive of the European Parliament and of the Council harmonising certain aspects of insolvency law-General approach' (2025) 2022/0408 (COD) 9257/25; European Commission, 'Proposal for a Directive of the European Parliament and of the Council harmonising certain aspects of insolvency law' (2022) COM/2022/702 final; Directive (EU) 2019/1023 of the European Parliament and of the Council of 20 June 2019 on preventive restructuring frameworks, on discharge of debt and disqualifications, and on measures to increase the efficiency of procedures concerning restructuring, insolvency and discharge of debt, and amending Directive (EU) 2017/1132 (Directive on restructuring and insolvency) (Text with EEA relevance.)

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