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19 January 2026
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On 5 December 2025, the competent bodies of the European Union agreed on a compromise text concerning the Directive on the harmonization of certain aspects of insolvency law (“Directive”) (the text is currently only available in English). The aim of the Directive is to remove obstacles to the single (European) market and the capital markets that arise from differing national insolvency rules. This represents a further step towards the substantive harmonization of insolvency proceedings in the EU Member States. We reported on this in detail in January 2023 and March 2024.
Download the full version of Germany: EU Directive on Insolvency Harmonization.
Read the German version of Germany: EU Directive on Insolvency Harmonization.