Breakfast event on establishment of Early Warning tools in EU Member States

11 September 2019

The Early Warning Europe project partners organized a Breakfast Event in Brussels, where the officials from all of the EU Member States were invited to learn about the project and discuss how it is relevant to the implementation of Directive EU 2019/1023 on restructuring and insolvency, which refers explicitly to the need for “Early warning and access to information”.

The Early Warning Europe project partners organized a Breakfast Event in Brussels, where the officials from all of the EU Member States were invited to learn about the project and discuss how it is relevant to the implementation of Directive EU 2019/1023 on restructuring and insolvency, which refers explicitly to the need for “Early warning and access to information”.

The event, hosted by SMEunited, was opened by Salvatore Bella of Unione Industriale Torino (Italy), and Elmira Alija Richard of Early Warning Denmark, who presented the approach and achievements of the project up until now. The participants then had the chance to learn about how the Early Warning Europe approach has been successfully implemented in two specific countries.

Ilias Georgopoulos from the Small Enterprises Institute of the Hellenic Confederation of Professionals, Craftsmen and Merchants (IME GSEVEE) explained how the Early Warning approach has been implemented in Greece, where nearly 900 companies have been provided with advice and support.

Mira-Maria Kontkanen from the Federation of Finish Enterprises spoke about the ways in which businesses in Finland are able to benefit from targeted advice and support services, and how these services are being managed.

The presentations were followed by an interactive discussion among the project partners and Member States officials on challenges and means for the implementation of early warning tools as foreseen in the new EU Directive (Title I - Article 3).

The Directive on restructuring and insolvency has been adopted on 20 June 2019. Member states have 2 years (until 17 July 2021) for the adoption of relevant laws, regulations and administrative requirements to comply with the Directive. 

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