Publication

3 October 2017

EU Business restructuring & insolvency The accountancy profession's views on the EU Directive

The proposed EU Business Insolvency Directive aims to ensure that entrepreneurs in financial difficulties 1) can seek support at an early stage 2) benefit from a flexible and efficient restructuring framework, and 3) if all else fails, can get a second chance after insolvency.  

Professional accountants can play a key role in advancing the Directive’s objectives, especially in restructuring business and identifying early warning mechanisms for insolvency. 

This paper presents the accountancy profession’s positions on the most contentious matters in this Directive to contribute to its smooth adoption. 

We provide three key principles for the current negotiations:  

  1. ensure that entrepreneurs have access to appropriate and timely advice  
  1. reduce bureaucracy in insolvency proceedings 
  1. consider the long term economic benefits that the Directive will bring to the market 

Related content

PublicationThe Business Insolvency Directive

28 March 2019

EventEU Business Insolvency: How to contribute?

26 June 2017

PublicationEU Business Insolvency. A contribution from the Accountancy profession

9 January 2017

Publication10 ideas to make Corporate Governance a driver of a sustainable economy

12 June 2019

In the mediaStakeholders present their complaints on sustainable finance to next Commission

7 June 2019

EventIs sustainable finance gender neutral?

3 June 2019

EventClimate-related disclosures: do they fit the EU agenda?

28 May 2019

EventWhat to expect on Sustainable Finance 2019-2024

17 May 2019

EventCorporate governance: A driver of a sustainable economy

16 May 2019

BlogGDPR one year on: its impact on auditors and accountants?

13 May 2019

Update SME

6 May 2019

NewsWhy should I care about accountants?

2 May 2019

PublicationSimplifying withholding tax procedures

2 May 2019

Blog7 ways accountants can help companies get more sustainable

24 April 2019

UpdateSustainable Finance

19 April 2019

In the mediaEvolution of SME audit in Europe from the perspective of the legislation and auditing standards

10 April 2019

PublicationOur SME work in 2018

10 April 2019

EventThe Prince’s A4S workshop on implementing the TCFD recommendations

9 April 2019

Update SME

8 April 2019

PublicationThe Business Insolvency Directive

28 March 2019

Consultation responseEC’s consultation on the update of the non-binding guidelines on non-financial reporting

22 March 2019

UpdateSustainable Finance

19 March 2019

Consultation responseGRI’s exposure draft on Tax and Payments to Governments

12 March 2019

Sign up for our newsletter