Staking a claim: A guide to Europe’s insolvency regimes

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High levels of unemployment and sluggish economic growth mean default risk will be a feature of the European bond markets for the foreseeable future. Are the region’s insolvency regimes sufficiently robust to comfort investors? Back in October 2004, Credit ran a story called ‘Insolvency: a survival guide’, a country-by-country analysis of the insolvency systems of six major countries in Europe. The article revealed that, despite attempts at harmonisation more than a decade p