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The proposal for a Directive to harmonise certain aspects of insolvency law is an important piece of legislation for the Committee on Legal Affairs, with far-reaching implications for businesses, creditors, and investors across all Member States, making it essential to foster an informed legislative process.
The hearing provides an important platform for stakeholders, including policymakers, industry representatives, practitioners and academia to present their perspectives and insights. Given the complexity of the matter, the public hearing would facilitate a deeper understanding of the directive's implications, identify key challenges, and highlight areas requiring further refinement.