Examples of using Restructuring frameworks in English and their translations into Bulgarian
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Availability of preventive restructuring frameworks.
Preventive restructuring frameworks provided for under this Directive shall be available on application by debtors.
In addition, tailored rules are necessary to increase the efficiency of restructuring frameworks.
Preventive restructuring frameworks should also prevent the build-up of non-performing loans.
The European Commission has therefore proposed a directive on preventive restructuring frameworks.
Member States shall ensure that preventive restructuring frameworks have no impact on accrued occupational pension entitlements.
By way of derogation from the first subparagraph, Member States may apply paragraph 2 to workers' claims if, and to the extent that,Member States ensure that the payment of such claims is guaranteed in preventive restructuring frameworks at a similar level of protection.
Preventive restructuring frameworks should be available on the application of debtors, or of creditors with the agreement of debtors;
To promote efficiency and reduce delays and costs,national preventive restructuring frameworks should include flexible procedures.
Preventive restructuring frameworks, second chance and measures to increase the efficiency of restructuring, insolvency and discharge procedures.
The new rules will observe the following key principles to ensure insolvency and restructuring frameworks are consistent and efficient throughout the EU.
The Directive on preventive restructuring frameworks, second chance and measures to increase the efficiency of restructuring, insolvency and discharge procedures.
Member States should be able to maintain orintroduce in their national legal systems preventive restructuring frameworks other than those provided for by this Directive.
Preventive restructuring frameworks available for debtors in financial difficulties when there is a likelihood of insolvency, with a view to preventing the insolvency and ensuring the viability of the debtor;
To establish common principles on the use of early restructuring frameworks, which will help companies continue their activity and preserve jobs;
Preventive restructuring frameworks should, above all, enable debtors to restructure effectively at an early stage and to avoid insolvency, thus limiting the unnecessary liquidation of viable enterprises.
Alternatively, Member States should be able to exclude workers' claims from the scope of the preventive restructuring frameworks and provide for their protection under national law.
Member states should have preventive restructuring frameworks consisting of one or more procedures or measures whereby a debtor can effectively negotiate and adopt a restructuring plan.
Member States should be entitled to maintain orintroduce into their national legal regimes preventive restructuring frameworks other than those provided for by the Directive(e.g. a company law framework). .
A new EU proposal has been presented on preventive restructuring frameworks, second chance and measures to increase the efficiency of restructuring, insolvency and discharge procedures and amending Directive 2012/30/EU, which will further harmonise the EU insolvency regime.
Common principles on the use of early restructuring frameworks, that will help companies continue their activity and preserve jobs.
The availability of effective preventive restructuring frameworks would ensure that action is taken before enterprises default on their loans, thereby helping to reduce the risk of loans becoming non-performing in cyclical downturns and mitigating the adverse impact on the financial sector.
Common principles on the use of early restructuring frameworks, which will help companies continue their activity and preserve jobs.
European Commission proposal for a new Directive on preventive restructuring frameworks, second chance and measures to improve the efficiency of restructuring, insolvency and second chance procedures.
The Council formally adopted today the directive on preventive restructuring frameworks, second chance and measures to increase the efficiency of restructuring, insolvency and discharge procedures.
The provisions of this Directive regarding preventive restructuring frameworks should apply with the derogations necessary to ensure an application of those provisions without prejudice to the application of that Convention and its Protocols.
Proposal for a Directive of the European Parliament and of the Council on preventive restructuring frameworks, second chance and measures to increase the efficiency of restructuring, insolvency and discharge procedures and amending Directive 2012/30/EU.
Member States shall ensure that such restructuring framework affords debtors and affected parties the rights and safeguards provided for in this Title in a coherent manner.
Requires the Member States to ensure that,“where is the likelihood of insolvency,debtors in financial difficulty have access to an effective preventive restructuring framework that enables them to restructure their debts or business, restore their viability and avoid insolvency.”.
A restructuring framework should be available before a debtor becomes insolvent under national law, namely before the debtor fulfils the conditions under national law for entering collective insolvency proceedings, which normally entail a total divestment of the debtor and the appointment of a liquidator.