Business Rescue in Europe: Strengthening the role of practitioners and courts

An important legislative development in Europe dates from around a year ago. In November 2016, the European Commission presented its ‘Proposal for a Directive of the European Parliament and of the Council on preventive restructuring frameworks, second chance and measures to increase the efficiency of restructuring, insolvency and discharge procedures and amending Directive 2012/30/EU’ (‘Proposal for a Restructuring Directive (2016)’).