1. Setting the scene
A salient part of legislation with economic importance is currently under review in the EU member states – the laws relating to restructuring – which set up the key fundamental principles for the relations of a company with its main stakeholders – owners and creditors. A such review is due based on the directive issued in 2019 on preventive restructuring frameworks ((EU) 2019/1023 (later, ‘Directive’ or ‘Preventive Restructuring Directive’). The Directive is require ...