3 Amendments of Răzvan POPA related to 2016/0359(COD)
Amendment 91 #
Proposal for a directive
Recital 2
Recital 2
(2) Restructuring should enable enterprises in financial difficulties, in particular small- and medium-sized enterprises, to continue business in whole or in part, by changing the composition, conditions or structure of assets and liabilities or of their capital structure, including by sales of assets or parts of the business. Preventive restructuring frameworks should above all enable theenterprises, in particular small- and medium-sized enterprises, to restructure at an early stage and to avoid their insolvency. Those frameworks should maximise the total value to creditors, owners and the economy as a whole and should prevent unnecessary job losses and losses of knowledge and skills. They should also prevent the build-up of non- performing loans. In the restructuring process the rights of all parties involved should be protected. At the same time, non- viable businesses with no prospect of survival should be liquidated as quickly as possible.
Amendment 94 #
Proposal for a directive
Recital 5
Recital 5
(5) Excessive length of restructuring, insolvency and discharge procedures in several Member States is aAn important factor triggering low recovery rates and deterring investors from making business in jurisdictions where procedures risk taking too long is the excessive length of restructuring, insolvency and discharge procedures in several Member States.
Amendment 97 #
Proposal for a directive
Recital 7
Recital 7
(7) Those differences lead to uneven conditions for access to credit and to uneven recovery rates in the Member States. A higher degree of harmonisation in the field of restructuring, insolvency and second chance is thus indispensable for a well-functioning single market in general and for a working Capital Markets Union in particularFor a working Capital Markets Union and a well-functioning single market, it is imperative to enhance harmonisation in the field of restructuring, insolvency and second chance.