Insolvency in the European Union: The Relevance of the Balance Sheet

In this article, we analyse the current status of the harmonization process within the EU on insolvency matters. Afterwards, we focus on the European Legal Capital system and the framework of the serious loss of subscribed capital. Finally, we claim that the EU should have a common definition of insolvency that includes balance sheet insolvency, further exploring the reasons for and the consequences of such proposal.

Authors

Publication Details

Journal
European Company Law
Published
2025-02-01
DOI
https://doi.org/10.54648/eucl2025004
Primary Topic
Corporate Governance and Law
Type
article
Field-Weighted Citation Impact
0.00
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article

Insolvency in the European Union: The Relevance of the Balance Sheet

Diogo Pessoa
European Company Law
Corporate Governance and Law
article

Insolvency in the European Union: The Relevance of the Balance Sheet

Diogo Pessoa
article en

Abstract

In this article, we analyse the current status of the harmonization process within the EU on insolvency matters. Afterwards, we focus on the European Legal Capital system and the framework of the serious loss of subscribed capital. Finally, we claim that the EU should have a common definition of insolvency that includes balance sheet insolvency, further exploring the reasons for and the consequences of such proposal.

European Company LawVol. 22(Issue 1)
Openalex Percentile: Top 98%
Corporate Governance and Law
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Insolvency in the European Union: The Relevance of the Balance Sheet — Diogo Pessoa · European Company Law (2025) | TGRS Research Map | TGRS