"The European Commission’s Directive Proposal for common principles and rules on preventive restructuring frameworks, insolvency and second chance" by Emmanuelle Inacio

The European Commission Directive (the Proposal) is part of the Capital Markets Union Action Plan and the Single Market Strategy that announced a legislative initiative on business insolvency, including early restructuring and second chance which aims at removing key barriers to the development of capital markets in the EU by providing legal certainty to crossborder investors and companies operating across the EU.