MFA Submits Comment Letter on EC Insolvency Framework Consultation
June 14, 2016
On June 14, MFA filed a response to the European Commission’s consultation on an effective insolvency framework within the EU. MFA believes that an effective restructuring regime is a key consideration for investment into European companies, as it increases the chances of enterprise value being preserved in a distress scenario.
In our letter we supported the EC’s efforts to improve and simplify the EU insolvency framework, and the introduction of measures to enable restructuring at an early stage in order to maximize value to creditors, employees, owners and the economy as a whole. We provided detailed responses to the EC’s questions covering the scope of insolvency reform.