The European Restructuring Directive

Know about the book -

The European Restructuring Directive is written by Gerard McCormack and published by Edward Elgar Publishing. It's available with International Standard Book Number or ISBN identification 1789908817 (ISBN 10) and 9781789908817 (ISBN 13).

This comprehensive book provides a clear analysis of the European Restructuring Directive, which aims to improve national frameworks governing business restructuring and insolvency as well as to provide debt relief for individuals. Gerard McCormack explores the key aspects of the Directive including the moratorium on litigation and enforcement claims against the financially-troubled business, the provision for new financing, the division of creditors into classes, the introduction of a restructuring plan and the rules for approval of the plan by a court or administrative authority.