This new EU directive will pave the way for more harmonised insolvency laws in Europe, thus also helping creditors who have cross-border claims to get better representation and better understanding of their rights.
The European Banking Authority (EBA) published on 18th November 2020 its Report on the benchmarking of national loan enforcement frameworks across EU Member States, in response to the EU Commission’s call for advice. The Report introduces for the first time a set of benchmarks for…