Letter to European Commission: Discussion of an Effective Insolvency Framework: 14 June 2016

The FMLC wrote to the European Commission in response to its Consultation on an effective insolvency framework within the EU, urging the Commission to address issues of divergence in the corporate insolvency laws of Member States. The FMLC urged the Commission to build consensus on the criteria by which non-performing loans may be recognised and drew attention to the lack of standardised methodology across jurisdictions for valuing a business.

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