European Union

  • Elina Moustaira


European Union Member States’ legal orders differ between them in many insolvency law issues; among them, the moment and the prerequisites that must be met for a debtor to be declared in state of economic crisis, in state of insolvency. Liquidation and rescue proceedings are coexisting in most of them, also with many differences between them. The latter were “substantially modernized” in EU Member States—Germany, Belgium, Spain, France, Denmark, Portugal, Italy, Greece, Poland—following the 2008 worldwide crisis. There had already been reforms in other EU Member States—UK, Ireland, Finland, France, the Netherlands, Slovakia, Spain—in the early 2000s. The US law influence in that sector too, was undoubted.


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Authors and Affiliations

  • Elina Moustaira
    • 1
  1. 1.School of LawNational and Kapodistrian University of AthensAthensGreece

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