EU-Wide interconnection of Insolvency Registers

The European Commission has recognised the need to facilitate cross-border insolvency procedures by making access to information on insolvency available through a single point of reference.  The European Commission has in a press release confirmed that it has launched a pilot project whereby databases from seven Member States have been grouped in a single point […]

Written By ACT Team

On August 6, 2014
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The European Commission has recognised the need to facilitate cross-border insolvency procedures by making access to information on insolvency available through a single point of reference.  The European Commission has in a press release confirmed that it has launched a pilot project whereby databases from seven Member States have been grouped in a single point of reference.  The seven member states are the Czech Republic, Germany, Estonia, Netherlands, Austria, Romania and Slovenia. More countries are expected to join this database in due course.

This pilot scheme is targeted primarily at assisting businesses, creditors and investors investing in the EU to have a one-stop-shop for carrying out searches on insolvent entities.

How can we help?  

For further information, please contact one of the firm’s tax partners, Stephen Balzan on [email protected] or Elaine Camilleri [email protected]. ACT can help you understand the changes to the tax rules and how these can impact your business.  

Apart from its offices in St. Julian’s Malta, ACT operates from a second office in Gozo, which is situated in the capital city of Victoria.  For an appointment in our Gozo office, please call on 00356 21378672 or send us an email on [email protected].