THE HARMONIZATION OF THE EUROPEAN LAWS ON INSOLVENCY

The harmonization of the European legislations on insolvency, in reference to the problems related to the substantive law of insolvency, represents a new stage, required by the European legislative process. The outline and analysis of the current problems of European, cross-border insolvency, of its causes and effects at the European Union level and, in particular, of the solutions proposed for the elimination of such problems, represents the concern of this paper. The INSOL EUROPE Report - Academic Forum "The harmonization of the laws on the insolvency at the European Union level" represents a first and important scientific step in this matter, and, therefore, this European document represents the starting point for analysing the utility and the means of harmonizing the European laws on insolvency, as a solution to the present difficulties generated by the cross-border insolvency at the EU level, from the view of the Romanian law and based on the Romanian experts opinions.