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Conference of the ELI Business Rescue Project and the Nordic-Baltic Insolvency Network

On Wednesday and Thursday, two of the Reporters of the ELI Project on Business Rescue in Insolvency Law, spoke at a joint Conference of the ELI, the Stockholm Center for Commercial law and the Nordic-Baltic Insolvency Network held in Stockholm.

Bob Wessels, Johan Gernandt and Stephen Madaus

The Conference was convened at Stockholm University´s Centre for Commercial Law and its aim to discuss and consider the newly finalized Nordic-Baltic Recommendations on Insolvency Law, drafted by the Nordic-Baltic Insolvency Network. The Conference also focused on interesting business rescue issues in a larger context.

The Nordic-Baltic Recommendations are the product of an ambitious attempt at regional harmonization of European Insolvency Law. On Wednesday, Professor Bob Wessels presented the ELI Project and yesterday he talked about the role and responsibilities of different actors in insolvency proceedings. Professor Stephan Madaus spoke on short-term protection of voluntary restructuring negotiations. The Conference was a welcomed opportunity for the Reporters to discuss their findings with a group of specialists from a number of EU countries.

More information on the Insolvency project can be found here.