Framework for preventive restructuring

According to EU Commission guidelines, the EU Member States should create a preventive restructuring framework that is as uniform as possible. The current draft directive of 17.12.2018 requires that the widely set guard rails be transformed into a national approach in a suitable manner that meaningfully complements and improves the current German restructuring practice.

Our current article in the INDat-Report highlights:

Material Entry Requirements

• earliness
• abuse prevention
• necessary time frame from a practitioner's point of view

Formal Entry Requirements

• typical information needs of the key stakeholders
• formal requirements per process step
• graduated, sequential documentation