CERIL

Introduction

The COVID-19 medical urgency justifies the current extraordinary measures taken by many governments. At the same time, these measures have devastating effects on businesses.

The Executive of CERIL is deeply concerned with the ability of existing insolvency legislation in Europe to provide adequate responses to the extremely difficult situation in which many companies may find themselves in the COVID-19 crisis. In a CERIL executive statement, a call is made upon EU and Member States national legislators to take immediate action and adapt insolvency legislations, where necessary, in light of the current extraordinary economic situation and to prevent unnecessary bankruptcies of entrepreneurs.

Chairs

The CERIL Executive

Completed Projects

• COVID-19 and insolvency legislations
  The Executive of CERIL is deeply concerned with the ability of existing insolvency legislation in Europe to provide adequate responses to the extremely difficult situation in which many companies may find themselves in the COVID-19 (corona) crisis. In the statement, a call is made upon EU and European national  legislators to take immediate action and adapt insolvency legislations  where necessary in light of the current extraordinary economic situation and to prevent unnecessary bankruptcies of  entrepreneurs.
  
  Reporter(s): Prof. Stephan Madaus and Prof. Em. Bob Wessels
  Research Associate: Gert-Jan Boon
  
  This project resulted in:
  - CERIL Executive Statement 2020-1 on COVID-19 and insolvency legislation

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