Pages: 67-71
Published: 30.01.2017
Abstract: This article is intended to study the tendencies in the evolution of the insolvency law based on the reforms that have been effected in the legislation of the European countries. The relevance of this issue is premised on the adjustment of the insolvency laws to the changing world. This issue has become significant in economics, even more so after 2008 with the onset of world recession. In an effort to fight through the negative consequences of the bankruptcy of the enterprises the countries faced the need to change their policies and create new concepts and legislative approaches. In the context of the foregoing is the purpose of this article, i.e.: to draw the main contemporary tendencies relative to the evolution of the insolvency law in the European countries on the basis of a normative analysis and comparative law research.
Key words: insolvency, law, legislation, creditor, debtor, country.
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