Harmonisation of insolvency laws has been at the top of the EU institutions’ agenda for the last decade. This frenzy precipitated in the aftermath of the Global Financial Crisis. European institutions have been prolific in creating a comprehensive EU-wide framework

The COVID-19 crisis, which hit the world with full force in 2020, represents one of the greatest health and economic crises in recent history. The pandemic paralysed the world economy, forcing many countries around the globe to take emergency measures. Countries’ emergency responses to the...

The JCOERE Project, funded by the European Commission’s DG Justice Programme (2014-2020), addresses two aspects of the European Union’s strategy to respond to the problems of cross-border insolvency within the increasingly integrated internal market. The European Commission’s strategy is...

The financial crisis and the sovereign debt crisis that followed it have been attributed to a number of causes. Whether these are economic, social, cultural, or legal, they are all by and large also political. The aim of this article is not to delve into the myriad of heated political arguments...

The PRD has introduced a number of concepts that are new and untested throughout much of the EU. While the concepts themselves are not unfamiliar, many of the new provisions have created a field of controversy and debate among academics, practitioners, and policy makers as legislators begin to...

In 2009, Prof. Em. Bob Wessels and Dr. Myriam Mailly took the initiative to establish the Younger Academics Network of Insolvency Law (YANIL). It is a branch of the INSOL Europe Academic Forum (IEAF) which brings together postgraduate and PhD students along with early career academics. The...

The financial crisis of 2007/8 has had a significant impact on the place of social policy objectives in a highly liberalised Common Market. As laws have been reformed over the years since the failure of Lehman Brothers set in motion a domino effect among high risk investment banks and financial...

The interplay between economic and social policies has ever been best by the tensions between competing values: capital versus labour. Insolvency law is an intersection between capital and labour, along with a number of other interests, which makes finding common ground between different...

Employees seem to be late to the party when it comes to considering their position in a restructuring procedure, particularly given the focus that the EU has had on employee protection over the years. While insolvency has shifted from liquidation and creditor wealth maximisation to a focus on...

The economic and financial crises of the last decade have led to massive changes in economic, social, banking, and employment policies throughout the world. However, both the United States and the United Kingdom have generally maintained more static in relation to their overall status quo...