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?

10 October 2017

PublicationEU Business Insolvency. A contribution from the Accountancy profession

9 January 2017

EventTax Day 2020: We’re all in this together!

19 February 2020

UpdateSME Update

17 January 2020

Stories from PracticeDeveloping a values-driven workplace in Romania

6 January 2020

PublicationInterconnected standard setting for corporate reporting

21 December 2019

UpdateSustainable Finance

17 December 2019

NewsAccountancy profession is ready to advance the EU’s Green Deal

17 December 2019

Publication10 most popular webpages of 2019

10 December 2019

UpdateSME Update

5 December 2019

NewsDigital Day 2019 – Interviews

29 November 2019

BlogCorporate Governance: driving a sustainable economy

28 November 2019

EventSustainable Value for Money

20 November 2019

EventDigital Day 2019: What does innovation cost?

19 November 2019

EventCapital Markets Union 2024

12 November 2019

NewsDigitalisation Awards 2019

8 November 2019

UpdateSME

6 November 2019

EventSME agenda for ECON: new term, what priorities?

5 November 2019

EventEvolving needs of SMEs: the profession’s role?

24 October 2019

UpdateSustainable Finance

22 October 2019

PublicationSustainable Finance call to action

22 October 2019

BlogIs sustainable finance gender neutral?

16 October 2019

Sign up for our newsletter