From Insolvency Service of Ireland
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Consultation is closed
On 7 December 2022, the European Commission published its draft proposal for a Directive of the European Parliament and of the Council on harmonising certain aspects of national insolvency laws.
The proposal would affect Irish company insolvency law, personal insolvency law and bankruptcy law as currently drafted. The aim of this proposal is to harmonise insolvency rules, with the primary objective of making them more efficient and effective with a view to facilitating more cross border investment. As such, this proposal forms part of the EU Capital Markets Union initiative.
The Department of Enterprise, Trade and Employment, together with the Department of Justice and the Department of Finance, are seeking the views of stakeholders on the draft Proposal.
Submissions should be marked 'Consultation on the EU Insolvency Directive' and should be emailed to the Department of Enterprise, Trade and Employment at companylawconsultation@enterprise.gov.ie
If the subject of the submission relates to personal insolvency and bankruptcy, it may alternatively be sent to the Department of Justice at EUInsolvencyProposalConsultation@justice.ie
The deadline for submissions is close of business on 24 February 2023.