The EU’s long-awaited directive to harmonise insolvency laws has finally been published. Member States have until 22 January 2029 to amend their laws as may be necessary. Our Restructuring & Insolvency team explores why the directive will result in some significant changes to Irish law.
What you need to know
Written by - Thomas H. Curran
As cross-border insolvencies continue to evolve, a notable shift is emerging in how complex restructurings are being executed. While Chapter 11 has long been the dominant forum for large corporate reorganizations, an increasing number of companies - particularly those with international capital structures - are turning to foreign restructuring regimes as a primary venue, with Chapter 15 serving as the mechanism to extend those proceedings into the United States.
What changes for companies, directors and creditors?
Directive (EU) 2026/799 of the European Parliament and of the Council of 30 March 2026 (the Directive”) was published on 1 April 2026. It establishes a framework for the minimum harmonisation of certain substantive aspects of insolvency law in Member States. The Directive is also relevant to the European Economic Area.
Die Sicherstellung einer flächendeckenden, leistungsfähigen Krankenhausversorgung ist eine der zentralen Aufgaben der Landkreise und Kommunen in Deutschland. In den vergangenen Jahren hat sich die wirtschaftliche Lage vieler privater Krankenhäuser jedoch dramatisch verschlechtert. Ursachen sind unter anderem der anhaltende Fachkräftemangel, steigende Kosten durch Inflation und Tarifabschlüsse, ein Investitionsstau sowie strukturelle Veränderungen im Gesundheitswesen und die noch nicht in Gänze umgesetzte Gesundheitsreform.
April 2026 - Until last week, an investor assessing a distressed exposure in another EU member state had to navigate up to 27 different insolvency regimes, each with its own rules on look-back periods, directors' obligations, asset recovery, and creditor rights. Recovery timelines ranged from seven months to seven years.
Der EuGH stärkt die Rangordnung im deutschen Insolvenzverfahren. Für Geschäftsleiter steigt der Druck, für Verwalter die Schlagkraft.Wenn die Rechtswahl in der Krise nicht mehr rettet
A key new directive harmonising certain aspects of insolvency law was published in the Official Journal of the European Union on 1 April 2026.