Early Warning Europe presented at International EU Conference on Insolvency

22 May 2018

Under the Bulgarian EU Presidency, the Early Warning system was presented and debated with a forum of high-level stakeholders.

The Bulgarian EU Presidency organised an International Conference on Key Insolvency Issues in Varna on 18 May 2018. The forum was organized by Bulgarian MEP Emil Radev (GERB/EPP) and was attended by representatives of the European Commission and the European Parliament, leading experts and judges from Europe and the US.

"Bulgaria remained the only EU Member State without a debt discharge procedure in place and with perpetual debtors," Bulgarian Justice Minister Tsetska Tsacheva said at the conference, adding that "The talks on the draft insolvency directive are of great importance because it is very difficult to achieve a balance between the separate countries where this subject matter is regulated in a different way".

Piya Mukherjee of Insol Europe presented the structure and experience of Early Warning Denmark, linking them to the ongoing efforts in Early Warning Europe and stressing the importance of a system that generates added value on a daily basis to SMEs and entrepreneurs across Europe.

The event was attended by Patrick Gibbels of ESBA, partner in Early Warning Europe.

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