1MIN
EU Insolvency Law: Harmonisation Directive enters into force
Apr 1 2026
Introduction
On 1 April 2026, the long-awaited Directive harmonising certain aspects of insolvency law (the Directive) entered into force. The Directive covers five pillars:
- Avoidance actions
- Pre-pack proceedings
- Duty to file for insolvency
- Creditors’ Committees
- Asset tracing
The aim of the Directive is to work towards harmonisation of these pillars of substantive insolvency law across EU Member States, not only in cross-border cases but also in domestic cases. Member States now have until 22 January 2029 to transpose the majority of its provisions it into national law.
Proposed by the Commission in 2022 (as we covered here. For the text of the Directive, see here.
The aim of the Directive is to work towards harmonisation of these pillars of substantive insolvency law across EU Member States, not only in cross-border cases but also in domestic cases.
