Practicing insolvency means acting on a complex and changing playing field; during a reorganisation or liquidation process all relationships of a company are in a high state of tension and every aspect of a company is under severe scrutiny.
This is what makes it so interesting, but also so challenging. And the challenges are not only at a national level. It has become increasingly difficult to talk about national insolvency laws in the globalization era. There are also gaps between best practices of different European countries, due to the different stages of the economical and political environment.
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