Examples of using Restructuring frameworks in English and their translations into Croatian
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Preventive restructuring frameworks; and.
Along with key principles, more targeted rules are necessary to make restructuring frameworks more efficient.
In restructuring frameworks the rights of all parties involved, including workers, should be protected in a balanced manner.
Availability of preventive restructuring frameworks.
Preventive restructuring frameworks should above all enable the enterprises to restructure at an early stage and to avoid their insolvency.
Availability of preventive restructuring frameworks.
On preventive restructuring frameworks, second chance and measures to increase the efficiency of restructuring, insolvency and discharge procedures and amending Directive 2012/30/EU.
To promote efficiency and reduce delays and costs,national preventive restructuring frameworks should include flexible procedures.
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.
The Commission will soon present a proposal on preventive restructuring frameworks, second chance, and measures to improve insolvency procedures.
In order to avoid restructuring frameworks being misused, the financial difficulties of the debtor should indicate a likelihood of insolvency and the restructuring plan should be capable of preventing the insolvency of the debtor and ensuring the viability of the business.
Option 2: a recommendation to the Member States on minimum standards for preventive restructuring frameworks and discharge periods for entrepreneurs second chance.
The Council adopted the directive on preventive restructuring frameworks, second chance and measures to increase the efficiency of restructuring, insolvency and discharge procedures for entrepreneurs.
Member States should be able to maintain orintroduce in their national legal systems preventive restructuring frameworks other than those provided for by this Directive.
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.
Member States may provide that the following claims are excluded from, orare not affected by, preventive restructuring frameworks referred to in point(a) of paragraph 1: a.
A current proposal from December 2016 for a directive on preventive restructuring frameworks(or‘second chance for entrepreneurs') would help increase the efficiency of restructuring, insolvency and discharge procedures.
This Directive aims at removing such obstacles by ensuring that viable enterprises in financial difficulties have access to effective national preventive restructuring frameworks which enable them to continue operating;
Member States shall ensure that preventive restructuring frameworks have no impact on accrued occupational pension entitlements.
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.
To promote efficiency and reduce delays and costs,national preventive restructuring frameworks should include flexible procedures limiting court formalities to where they are necessary and proportionate in order to safeguard the interests of creditors and other interested parties likely to be affected.
The directive aims at providing access by viable enterprises in financial difficulties to preventive restructuring frameworks to enable them to restructure at an early stage, and so prevent insolvency.
Report on the 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.
Effective restructuring framework.
Preventive restructuring framework.
By promoting a more flexible restructuring framework and better conditions for fresh start upon failure, the death rate of companies can be reduced, as well as the negative knock-on effects of related insolvencies in the supply chain.
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.
A restructuring framework should be available before a debtor becomes insolvent according to national law, i.e. before the debtor fulfils the conditions for entering collective insolvency procedure which entail normally a total divestment of the debtor and the appointment of a liquidator.
Where this Directive is implemented by means of more than one procedure within a restructuring framework, the debtor should have access to all rights and safeguards provided for by this Directive with the aim of achieving an effective restructuring. .
(17)A restructuring framework should be available to debtors to enable them to address their financial difficulties at an early stage, when it appears likely that their insolvency may be prevented and the continuation of their business assured.