Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-11-15-Speech-2-434-044"
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"en.20111115.27.2-434-044"2
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"I voted in favour of this report because I agree that we urgently need to establish as far as possible a better legal environment for business and eliminate barriers that have a negative impact on competitiveness in the European Union. Indeed, disparities between national insolvency laws create difficulties for companies with cross-border activities which might hamper the successful restructuring of insolvent companies. In this document, the European Parliament sets out its recommendations on areas of insolvency law which may be harmonised at EU level and which could help in drawing up legislative initiatives on this issue in future. Parliament thus proposes harmonising certain aspects of the initiation of insolvency proceedings, as well as procedures for the submission of claims, and puts forward recommendations on the harmonisation of aspects of avoidance actions, requirements for the qualification and work of liquidators and the establishment of restructuring plans. The European Parliament has also proposed the creation of an EU registry for insolvency cases which would contain every cross-border insolvency case opened and to which it would be compulsory for courts to transmit data."@en1
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