EU harmonisation of transactions avoidance laws – International Bar Association

Our Partner, Alicia Herrador, participated on 24 February as moderator in the Webinar organised by the IBA (International Bar Association): EU harmonisation of transactions avoidance laws.

National insolvency laws contain very heterogeneous rules that provide for the annulment or revocation of legal acts performed prior to the opening of insolvency proceedings and that hinder cross-border business and restructuring. The European Commission is therefore working to harmonise this area of law in the EU. The Webinar dealt with this problem and analysed the draft model law prepared by the speakers, Prof. Dr. Reinhard Bork and Prof. Michael Veder, which is intended to provide a solution to this problem.