Potential economic gains from reforming insolvency law in Europe

Potential economic gains from reforming insolvency law in Europe

In its action plan on capital markets union, the European Commission has highlighted that adopting minimum standards across Europe would help to reduce barriers to cross-border investment and enable faster restructuring by firms. The Commission intends to pursue a legislative initiative on insolvency law by the end of 2016. The purpose of this report is to examine the current state of European insolvency laws and practices in the context of the new Commission proposals for reform, and to provide a credible quantitative and qualitative assessment of the range of economic benefits that could be achieved through insolvency law reform.

Potential economic gains from reforming insolvency law in Europe