Completed
Start Date: December, 2015
End Date: September, 2016
Client: Service contract for the European Commission – DG JUST
Description:
The purpose of this study is to gather and analyse data on the existence and magnitude of problems associated with the discrepancies between the Member States substantive insolvency regimes, including preventive restructuring proceedings and the resulting barriers which those discrepancies create for the internal market and in particular for the cross-border flow of capital, as well as to suggest policy options to address the problems identified. In particular, the study shall: Define the existence and the magnitude of the problems in the area of capital flow, economic growth and job creation associated with the discrepancies in insolvency regime. Identify policy options to address the problems identified. Determine the economic and social impacts of the policy options identified to address the problems identified. In particular, the study should quantify the impact of the measures supposed to remedy the identified barriers.
Participants:
For the purpose of this project, JIIP entered in a consortium with Valdani Vicari & Associati (VVA), Danish Technological Institute (DTI) and Grimaldi Studio Legale.
Output:
Link to final report: “Impact assessment study on policy options for a new initiative on minimum standards in insolvency and restructuring law”
DG JUST newsroom: “Commission proposes new approach to business insolvency in Europe”