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Changing the insolvency stigma in Europe

The European Commission’s proposal on restructuring frameworks and second chance is one important measure to fight the prejudice against business failure in Europe. Markus J. Beyrer said: “Although success does not always come at the first shot, lack of it should not mean the end of the entrepreneurial venture.” Viable companies need a legal and cultural framework that allows them to bounce back. These were some of the conclusions of today’s conference ‘Preventive restructuring and second chance for entrepreneurs: what’s in it for SMEs?’ organised jointly by Businesseurope, the Maltese Presidency, ACCA and UEAPME. The conference brought together the three EU institutions and representatives of the business and accountancy world to discuss the way this proposal should be carried forward.

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Last updated: 1 March 2017