- Corporate Reorganization •
- corporate restructuring •
- Bankruptcy •
- insolvency •
- European Restructuring Recommendation •
- European Insolvency Regulation
Two events are currently changing the landscape for business restructurings in the European Union: the “Restructuring Recommendation” (RR) of the European Commission, issued in 2014, and the 2015 recast of the European Insolvency Regulation (EIR). In this paper, we critically review the RR and put it into the context of the reform of the EIR.