industrial restructuring [ industrial change | restructuring plan | Enterprise restructuring(ECLAS) | Industrial adaptation(ECLAS) ]

corporate restructuring | enterprise restructuring

restructuring of State enterprises | to restructure State-owned companies

Community guidelines on State aid for rescuing and restructuring firms in difficulty | R&R Guidelines | rescue and restructuring guidelines for State Aid

land restructuring

handle corporate restructuring | handle mergers | handle aquisitions | handle mergers and acquisitions

troubled debt restructuring [ debt restructuring | loan restructuring | restructuring of troubled debt ]

Task Force on Restructuring to Support the Management Board [ Task Force on Restructuring in Support of the Management Board | Task Force on Restructuring EMS and DCG ]

Where necessary, national courts must be involved to safeguard the interests of stakeholders. The debtor will benefit from a time-limited ''breathing space'' of a maximum of four months from enforcement action in order to facilitate negotiations and successful restructuring. Dissenting minority creditors and shareholders will not be able to block restructuring plans but their legitimate interests will be safeguarded. New financing will be specifically protected increasing the chances of a successful restructuring. Throughout the preventive restructuring procedures, workers will enjoy full labour law protection in accordance with the exis ...[+++]ting EU legislation. Training, specialisation of practitioners and courts, and the use of technology (e.g. online filing of claims, notifications to creditors) will improve the efficiency and length of insolvency, restructuring and second chance procedures.

If so, and where less than 10 years (60) have elapsed since the rescue aid or temporary restructuring support was granted or the restructuring period came to an end or implementation of the restructuring plan was halted (whichever occurred the latest), further rescue aid, restructuring aid or temporary restructuring support must not be granted, except:

provided that the beneficiary qualifies an undertaking in difficulty (and not only faces acute liquidity needs in the circumstances foreseen in point 29 above), a restructuring plan as set out in section 3.1.2; upon submission of a restructuring plan, the authorisation of the rescue aid will be automatically extended until the Commission reaches its final decision on the restructuring plan, unless the Commission decides that such extension is not justified or should be limited in time or scope; once a restructuring plan for which aid has been requested has been put in place and is being implemented, all further aid will be considered as restructuring aid; o ...[+++]r

Where a business group has received rescue aid, restructuring aid or temporary restructuring support, the Commission will normally not allow further rescue or restructuring aid to the group itself or any of the entities belonging to the group unless 10 years have elapsed since the aid was granted or the restructuring period came to an end or implementation of the restructuring plan was halted, whichever occurred the latest.