The Limits and Logic of the EU Harmonisation Process in the Wake of the Covid-19 Pandemic
Journal article
Authors | Gant, J., Ghio, E., Boon, G-J., Vaccari, E., Ehmke, D. and Langkjaer, L. |
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Abstract | Harmonisation of insolvency laws has been a the top of the EU institutions' agenda for the last decade. This frenzy precipitated in the aftermath of the Global Financial Crisis. European institutions have been prolific in creating a comprehensive EU-wide framework. These efforts culminated with the recast European Insolvency Regulation (2015) and the Preventive Restructuring Directive (2019). The sweeping nature and devastating effects of the Covid-19 pandemic, however, have put both the pre-insolvency craze and harmonisation momentum to a halt. Member States reacted by implementing piece-meal laws to control the economically and financially destructive effects of the pandemic. The Younger Academic Network of Insolvency Law (YANIL) board discusses national responses to the COVID-19 crisis from six European countries - Denmark, France, Germany, Italy, the Netherlands and the United Kingdom - to determine if the logic of harmonisation remains compelling. |
Keywords | harmonisation; insolvency; restructuring; COVID-19 |
Year | 2020 |
Journal | Eurofenix |
Journal citation | 80, pp. 22-23 |
Publisher | INSOL Europe |
Web address (URL) | https://www.insol-europe.org/publications/eurofenix-past-issues |
Accepted author manuscript | File Access Level Open |
Publication dates | |
Online | 31 Jul 2020 |
Publication process dates | |
Accepted | 02 Jul 2020 |
Deposited | 21 Apr 2022 |
https://repository.derby.ac.uk/item/96324/the-limits-and-logic-of-the-eu-harmonisation-process-in-the-wake-of-the-covid-19-pandemic
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