The Limits and Logic of the EU Harmonisation Process in the Wake of the Covid-19 Pandemic

Ghio, Emilie (2020) The Limits and Logic of the EU Harmonisation Process in the Wake of the Covid-19 Pandemic. Eurofenix, 80. pp. 22-23.

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Harmonisation of insolvency laws has been a the top of the EU institutions' agenda for the last decade. This frenzy precipitated in the aftermath of the Global Financial Crisis. European institutions have been prolific in creating a comprehensive EU-wide framework. These efforts culminated with the recast European Insolvency Regulation (2015) and the Preventive Restructuring Directive (2019). The sweeping nature and devastating effects of the Covid-19 pandemic, however, have put both the pre-insolvency craze and harmonisation momentum to a halt. Member States reacted by implementing piece-meal laws to control the economically and financially destructive effects of the pandemic. The Younger Academic Network of Insolvency Law (YANIL) board discusses national responses to the COVID-19 crisis from six European countries - Denmark, France, Germany, Italy, the Netherlands and the United Kingdom - to determine if the logic of harmonisation remains compelling.

Item Type: Article
2 July 2020Accepted
31 July 2020Published Online
Subjects: CAH16 - law > CAH16-01 - law > CAH16-01-01 - law
Divisions: Faculty of Business, Law and Social Sciences > School of Law
Depositing User: Emilie Ghio
Date Deposited: 01 Oct 2020 15:12
Last Modified: 12 Jan 2022 14:08

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