Harmonisation of the Directors’ Duty to Initiate Insolvency
Proceedings?

D 2024

Harmonisation of the Directors’ Duty to Initiate Insolvency Proceedings?

ZEMANDLOVÁ, Anna

Základní údaje

Originální název

Harmonisation of the Directors’ Duty to Initiate Insolvency Proceedings?

Autoři

ZEMANDLOVÁ, Anna

Vydání

Nottingham, The Perpetual Renewal of European Insolvency Law, od s. 123-137, 15 s. 2024

Nakladatel

INSOL Europe

Další údaje

Jazyk

angličtina

Typ výsledku

Stať ve sborníku

Obor

50501 Law

Stát vydavatele

Velká Británie a Severní Irsko

Utajení

není předmětem státního či obchodního tajemství

Forma vydání

tištěná verze "print"

Odkazy

Web nakladatele

Označené pro přenos do RIV

Ano

Kód RIV

RIV/00216224:14220/24:00137490

Organizační jednotka

Právnická fakulta

ISBN

978-1-7393683-2-6

Klíčová slova anglicky

Insolvency law; harmonisation; director´s duties; openning of insolvency proceedings

Štítky

rivok

Příznaky

Mezinárodní význam, Recenzováno

Změněno: 7. 3. 2025 15:55, Mgr. Petra Georgala

Anotace

V originále

The harmonisation of substantive insolvency law is an ongoing challenge that has been approached from different angles. The diversity of national jurisdictions and insolvency philosophies, combined with the sensitivity of the issue, has long made it difficult to achieve success in this area. Over time, it has become clear that the convergence of legal systems will be a gradual process, limited to selected areas, rather than the creation of a comprehensive legal framework. Following Directive 2019/1023 on preventive restructuring frameworks (PRD 2019), harmonisation efforts have led to the introduction of a proposal for a Directive of the European Parliament and of the Council harmonising certain aspects of insolvency law. One of the areas addressed by this proposal relates to the duties and liabilities of directors in the zone of insolvency. Although this area has often been identified as suitable for harmonisation, the strategy adopted in the proposal raises a number of questions. Firstly, this paper seeks to identify the main controversies surrounding the current form of the proposed legislation on directors' duties. Secondly, it critically analyses the problematic aspects, in particular with regard to the objectives and harmonisation strategy announced by the Commission. In order to provide a comprehensive perspective, the paper examines the consistency of the proposal with the principles underpinning the PRD 2019. These considerations are made from a comparative perspective. Finally, the paper focuses on whether the harmonisation of the obligation to open insolvency proceedings, as proposed in the analysed draft, is desirable and will achieve the expected degree of harmonisation.

Citovat

ZEMANDLOVÁ, Anna. Harmonisation of the Directors’ Duty to Initiate Insolvency Proceedings? In Ghio, Emilie and Eugenio Vaccari. The Perpetual Renewal of European Insolvency Law. Nottingham: INSOL Europe, 2024, s. 123-137. ISBN 978-1-7393683-2-6.

@inproceedings{2447737,
   author = {Zemandlová, Anna},
   address = {Nottingham},
   booktitle = {The Perpetual Renewal of European Insolvency Law},
   editor = {Ghio, Emilie and Eugenio Vaccari},
   keywords = {Insolvency law; harmonisation; director´s duties; openning of insolvency proceedings},
   howpublished = {tištěná verze "print"},
   language = {eng},
   location = {Nottingham},
   isbn = {978-1-7393683-2-6},
   pages = {123-137},
   publisher = {INSOL Europe},
   title = {Harmonisation of the Directors’ Duty to Initiate Insolvency Proceedings?},
   url = {https://www.insol-europe.org/publications/technical-series-publications},
   year = {2024}
}

TY  - CONF
ID  - 2447737
AU  - Zemandlová, Anna
PY  - 2024
TI  - Harmonisation of the Directors’ Duty to Initiate Insolvency Proceedings?
PB  - INSOL Europe
CY  - Nottingham
SN  - 9781739368326
KW  - Insolvency law
KW  - harmonisation
KW  - director´s duties
KW  - openning of insolvency proceedings
UR  - https://www.insol-europe.org/publications/technical-series-publications
N2  - The harmonisation of substantive insolvency law is an ongoing challenge that has been approached from different angles. The diversity of national jurisdictions and insolvency philosophies, combined with the sensitivity of the issue, has long made it difficult to achieve success in this area. Over time, it has become clear that the convergence of legal systems will be a gradual process, limited to selected areas, rather than the creation of a comprehensive legal framework. Following Directive 2019/1023 on preventive restructuring frameworks (PRD 2019), harmonisation efforts have led to the introduction of a proposal for a Directive of the European Parliament and of the Council harmonising certain aspects of insolvency law. One of the areas addressed by this proposal relates to the duties and liabilities of directors in the zone of insolvency. Although this area has often been identified as suitable for harmonisation, the strategy adopted in the proposal raises a number of questions. Firstly, this paper seeks to identify the main controversies surrounding the current form of the proposed legislation on directors' duties. Secondly, it critically analyses the problematic aspects, in particular with regard to the objectives and harmonisation strategy announced by the Commission. In order to provide a comprehensive perspective, the paper examines the consistency of the proposal with the principles underpinning the PRD 2019. These considerations are made from a comparative perspective. Finally, the paper focuses on whether the harmonisation of the obligation to open insolvency proceedings, as proposed in the analysed draft, is desirable and will achieve the expected degree of harmonisation.
ER  -

ZEMANDLOVÁ, Anna. Harmonisation of the Directors’ Duty to Initiate Insolvency Proceedings? In Ghio, Emilie and Eugenio Vaccari. \textit{The Perpetual Renewal of European Insolvency Law}. Nottingham: INSOL Europe, 2024, s.~123-137. ISBN~978-1-7393683-2-6.

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