Need to harmonise corporate insolvency rules – McGuinness EU

Irish Commissioner Mairead McGuinness says there’s a need to harmonise certain corporate insolvency rules across the EU.

The European Commission today announced a range of measures to further develop the EU’s Capital Markets Union. The proposals include a targeted harmonisation of insolvency proceeding rules across all EU countries.  The aim is to make them more efficient and to help promote cross-border investment.

Speaking in Brussels today, Commissioner McGuinness said at the moment different insolvency rules apply in different member states.

Out words: the duration

Dur: 00:14