EU Seeks Harmony Among Its Members for Cross Border Insolvencies

    View Authors May 2014

    There are 27 countries in the European Union (EU), each with its own language and its own reorganization proceedings that aim to help distressed companies. These different regimes are successful to a greater or lesser extent, making some member states more attractive than others as venues for reorganization. This article explores four of the largest economic players in Western Europe—France, Spain, Germany, and the U.K.— and illustrates the differences in their approach.

    *This article was first published in the Journal of Corporate Renewal in May 2014.