Gant, J.; Ehmke, D.; Ghio, E.; Langkjaer, L.; Boon, G-J.

Restructuring Europe – The EU Preventive Restructuring Framework: a hole in one?

Journal article

Gant, J., Ehmke, D., Ghio, E., Langkjaer, L. and Boon, G-J. 2019. Restructuring Europe – The EU Preventive Restructuring Framework: a hole in one? International Insolvency Review. 28 (2), pp. 184-209. https://doi.org/10.1002/iir.1344

Publication dates
Authors	Gant, J., Ehmke, D., Ghio, E., Langkjaer, L. and Boon, G-J.
Abstract	While traditionally (Continental) Europe has not been known for an in particular debtor‐ or restructuring‐friendly insolvency practice, in recent decades, important reforms were implemented that would foster restructurings in Europe. In this article, we comparatively look a the status quo of insolvency and restructuring practice in five different European countries (Denmark, France, Germany, Netherlands, UK). We place our observations into the context of the preventive restructuring directive, to be implemented within the next two years after its publication on 26 June 2019. The directive leaves quite some room implementation, from a watered‐down restructuring tool with high access threshold to a pre‐insolvency debtor‐friendly US‐style restructuring procedure.
Keywords	preventive restructuring; insolvency; corporate rescue
Year	2019
Journal	International Insolvency Review
Journal citation	28 (2), pp. 184-209
Publisher	John Wiley & Sons Ltd
ISSN	1099-1107
Digital Object Identifier (DOI)	https://doi.org/10.1002/iir.1344
Web address (URL)	https://onlinelibrary.wiley.com/doi/10.1002/iir.1344
Accepted author manuscript	20190627_YANIL_10_Year_Anniversary_Article.pdf File Access Level Open
Output status	Published
Online	06 Aug 2019
Publication process dates
Accepted	08 Jul 2019
Deposited	22 Apr 2022

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	20190627_YANIL_10_Year_Anniversary_Article.pdf
File access level: Open

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