Publication

28 March 2019

The Business Insolvency Directive What can the accountancy profession expect?

The proposed EU Business Insolvency Directive aims to ensure that entrepreneurs in financial difficulties can seek support at an early stage, benefit from a flexible and efficient restructuring framework; and as a last resort, can get a second chance after insolvency .

Our factsheet provides an overview of the Directive’s main provisions on the potential involvement of the accountancy profession as restructuring practitioners. Indeed, professional accountants have the expertise and skills to support businesses experiencing financial difficulties.

The EU Parliament is planning to endorse the agreed text at the end of March 2019. Following that, Member States will have two years from the day the draft text enters in the EU Official Journal to implement the new rules in their national legislation. We invite Member Bodies to get informed about the respective national transposition and share the information with their members.

 

Related content

PublicationEU Business restructuring & insolvency

3 October 2017

EventThe path to high-quality non-financial information assurance

26 November 2020

EventSmall in size, big in impact: Can NFI work for SMEs?

19 November 2020

BlogReliable non-financial information to progress sustainable finance

21 October 2020

EventMembers’ Webinar Series

21 October 2020

UpdateSustainable Finance

16 October 2020

Podcast SMEs: What’s next?

16 October 2020

Consultation responseEC’s public consultation on the Energy Tax Directive

15 October 2020

NewsAccountancy Europe welcomes EU sustainable corporate governance initiative

8 October 2020

Consultation responseEC roadmap on sustainable corporate governance

8 October 2020

Consultation responseEC’s consultation on the establishment of an EU Green Bond Standard. 

5 October 2020

UpdateSME Update

24 September 2020

NewsEUIPO and Accountancy Europe join to support SMEs

24 September 2020

NewsAccountancy Europe welcomes cooperation by sustainability reporting bodies

23 September 2020

BlogWhat COVID-19 made clear: corporate governance needs to focus on the right risks

8 September 2020

Consultation responseEC’s consultation on the VAT scheme for travel agents

2 September 2020

Blog4 steps to a sustainable recovery from COVID-19

6 August 2020

Consultation responseIIRC’s 2020 Revision: Framework

31 July 2020

Consultation responseIAASB’s consultation on proposed guidance: extended external reporting (EER) assurance

24 July 2020

Podcast Public sector and the coronacrisis (Part 2)

17 July 2020

Consultation responseEC’s consultation on the renewed sustainable finance strategy

15 July 2020

Sign up for our newsletter

* indicates required
Would you like to subscribe to our newsletter?
On which topics would you like to receive news?