EMCC European Monitoring Centre on Change

Restructuring related legislation

Eurofound’s ERM database on restructuring related legal regulations provides information on about 461 regulations in the Member States of the European Union and Norway which are explicitly or implicitly linked to anticipating and managing change. The database covers statutory rules, only, and does not include collective agreements or company-level initiatives. The regulations are described in terms of their content, thresholds, involved actors and who covers the cost (if applicable). The aim is to provide an easy possibility of a cross-national comparison of the main features of restructuring related legislation.

Eurofound aims to keep this information up to date and accurate. If errors are brought to our attention, we will try to correct them. However, Eurofound accepts no responsibility or liability whatsoever with regard to the information in this database. This information is:

  • of a general nature only and is not intended to address the specific circumstances of any particular individual or entity; not necessarily comprehensive, complete, accurate or up to date;
  • sometimes linked to external sites over which Eurofound services have no control and for which Eurofound assumes no responsibility;
  • not professional or legal advice (if specific advice is needed, a suitably qualified professional should be consulted).

Research carried out prior to the UK’s withdrawal from the European Union on 31 January 2020, and published subsequently, may include data relating to the 28 EU Member States. Following this date, research only takes into account the 27 EU Member States (EU28 minus the UK), unless specified otherwise.

30 items found

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  • CountryEU 27 + UK and Norway
  • Titlethe title is made up of the country name and type, for example: Austria: working time flexibility
  • PhaseEither anticipation or management
    • Anticipationrefers to activities that help to prepare workers or companies for change.
    • Managementcovers activities required to handle a current restructuring event while minimising social costs. It refers to the steps involved in implementing an organisational change process.
  • Typethe range includes, for example, provisions for collective dismissal, information/consultation obligations, notice periods and severance payments, training obligations for employers and employees and regulations concerning working time flexibility
  • Choose bywhether the regulation is obligatory in all circumstances or only for companies over a certain size or cases affecting a certain number of workers
  • Cost covered by
    • no specific additional costs are involved
    • costs covered by national or regional governments
    • cost covered by companies in general or the specific employer undergoing restructuring
    • cost covered by employees
  • Involved actorsincluding regional or local government, works councils, employers’ organisations, trade union or public employment services. The national government, as legislator, is assumed to be involved in all regulations so is not included as a filter option.
Toimingud
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Pealkiri Country Liik Omakeelne nimi Ingliskeelne nimi
Romania: Rescue procedures in insolvency Romania Rescue procedures in insolvency Legea nr. 85/2014 privind procedurile de prevenire a insolvenţei şi de insolvenţă, publicată în Monitorul oficial al României nr. 466 din 25 iunie 2014 Law no. 85/2014 on insolvency and insolvency prevention procedures, published in the Romanian Official Gazette no. 466 of 25 June 2014
Belgium: Rescue procedures in insolvency Belgium Rescue procedures in insolvency Wet houdende invoeging van het Boek XX van economisch recht 'Insolventie van ondernemingen' 11 August 2017/Loi portant insertion du Livre XX dans le Code de droit économique 'Insolvabilité des entreprises', 11 August 2017; Loi relative à la continuité des entreprises; Wet van 27 mei 2013 - Wet tot wijziging van verschillende wetgevingen inzake de continuïteit van de ondernemingen/Loi de 27 Mai 2013 - Loi modifiant diverses législations en matière de continuité des entreprises Book XX of the economic code 'Insolvency of Enterprises' of 11 August 2017; Act of 27 May 2013 to modify different laws with regards to the continuity of companies
Spain: Rescue procedures in insolvency Spain Rescue procedures in insolvency Ley Concursal (Ley 22/2003, de 9 de julio 2003); Ley de medidas urgentes en materia concursal (Ley 9/2015, de 25 de mayo de 2015) Insolvency Law (Law 22/2003 of 9 July 2003); Law on urgent measures on insolvency proceeding (Law 9/2015 of 25 May 2015)
Poland: Rescue procedures in insolvency Poland Rescue procedures in insolvency Ustawa z dnia 15.05.2015 r. - Prawo restrukturyzacyjne; Ustawa z dnia 28.02.2003 r. - Prawo upadłościowe (do 31.12.2015 r. pod nazwą -Prawo upadłościowe i naprawcze) Act of 15.05.2015 -Restructuring Law; Act of 28.02.2003 - Bankruptcy Law (until 31.12.2003 under the name - Bankruptcy and Reorganisation Law)
Italy: Rescue procedures in insolvency Italy Rescue procedures in insolvency Regio Decreto 16 marzo 1942, n. 267, Disciplina del fallimento, del concordato preventivo, dell'amministrazione controllata e della liquidazione coatta amministrativa; Decreto legislativo 9 gennaio 2006, n. 5 Riforma organica della disciplina delle procedure concorsuali; Decreto legge 27 giugno 2015, n. 83, coordinato con la legge di conversione 6 agosto 2015, n. 132, 'Misure urgenti in materia fallimentare, civile e processuale civile e di organizzazione e funzionamento dell’amministrazione giudiziaria'; Decreto legislativo del 12 gennaio 2019, n. 14, Codice della crisi d'impresa e dell'insolvenza in attuazione della legge 19 ottobre 2017, n. 155. Decreto legislativo 12 Gennaio 2019, n. 14 Royal Decree of 16 March 1942, no. 267, Discipline of bankruptcy and of insolvency proceedings (Bankruptcy law); Legislative decree of 9 January 2006, no. 5, Comprehensive reform of insolvency proceedings; Decree Law of 27 June 2015, no. 83, as converted into Law 6 August 2015 no. 132, Urgent measures concerning bankruptcy, the civil code, the civil procedure code and the organisation and functioning of judicial administration. Reform of the rules on corporate crisis and insolvency procedures; Law 19/10/2017 n. 155; Legislative decree 12 January 2019, n. 14, Code of business crisis and insolvency in implementation of the law of 19 October 2017, n. 155. Legislative decree 12 January 2019, n. 14
United Kingdom: Rescue procedures in insolvency United Kingdom Rescue procedures in insolvency Insolvency Act 1986 Insolvency Act 1986
Hungary: Rescue procedures in insolvency Hungary Rescue procedures in insolvency 1991. évi XLIX. törvény a Csődeljárásról és a Felszámolási eljárásról Act XLIX of 1991 on bankruptcy and liquidation proceedings
Greece: Rescue procedures in insolvency Greece Rescue procedures in insolvency ΠΟΛ.1027/2018 Τροποποίηση του Πτωχευτικού Κώδικα (ν. 3588/2007 - Α' 153) με τους ν. 4446/2016 (Α'240), ν. 4472/2017 (Α' 74), ν. 4491/2017 (Α' 152) και ν. 4512/2018 (Α'5): Επισήμανση βασικών μεταβολών στη διαδικασία της πτώχευσης και παροχή οδηγιών; Νόμος 3588/2007 Πτωχευτικός Κώδικας; Νόμος 4013/2011 Σύσταση ενιαίας Ανεξάρτητης Αρχής Δημοσίων Συμβάσεων και Κεντρικού Ηλεκτρονικού Μητρώου Δημοσίων Συμβάσεων - Αντικατάσταση του έκτου κεφαλαίου του ν. 3588/2007 (πτωχευτικός κώδικας) - Προπτωχευτική διαδικασία εξυγίανσης και άλλες διατάξεις Circular 1027/2018: Amendment of the bankruptcy code (Law 3588/2007 - OJHR A-153) by Law 4446/2016 (OJHR A-240), Law 4472/2017 (OJHR A-74), Law 4491/2017 (OJHR A-152), and Law 4512/2018 (OJHR A-5): Indication of critical changes in bankruptcy proceedings and provision of instructions; Law 3588/2007 Bankruptcy cde; Law 4013/2011 Establishment of a single idependent public procurement authority and central electronic public procurement registry - Substitution of the sixth chapter of Law 3588/2007 (bankruptcy code) - Procuring process of consolidation and other provisions
Germany: Rescue procedures in insolvency Germany Rescue procedures in insolvency Insolvenzordnung (InsO); Gesetz zur weiteren Erleichterung der Sanierung von Unternehmen (ESUG); Gesetz zur weiteren Erleichterung von Konzerninsolvenzen Insolvency statute; Act to further facilitate the restructuring of companies; Act to facilitate the insolvency procedure of large companies (holdings)
Latvia: Rescue procedures in insolvency Latvia Rescue procedures in insolvency Maksātnespējas likums Insolvency law

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