Harmonising certain aspects of insolvency law
A proposed EU law. Parliament and the Council must agree on the same text: Parliament adopts its position, then negotiates with the Council.
Where it stands: Completed: published in the Official Journal on 1 April 2026 and now EU law.
- ✓ Referred to committee 26 January 2023
- ✓ Committee work Report adopted 24 June 2025
- ✓ Tabled for plenary 1 July 2025
- ✓ Negotiations with the Council Deal approved in committee 11 December 2025
- ✓ Plenary vote Adopted 10 March 2026
- ✓ Published as law 1 April 2026
How a file moves through Parliament
A file is referred to one lead committee (others may give an opinion). Its rapporteur writes a draft report, committee members table amendments, and the committee votes to adopt the report. The report is then tabled for all MEPs; political groups can table further amendments, which are voted on before the final vote in plenary. For a law, Parliament’s adopted text is its first-reading position; Parliament and the Council then negotiate a common text (trilogues) which both must approve before it is published as law.
Who is working on it
- Lead committee
- JURI — Legal Affairs
- Rapporteur
- Emil RADEV PPE
- Shadow rapporteurs
- René REPASI S&DTon DIEPEVEEN PfEGheorghe PIPEREA ECRJana TOOM RenewKira Marie PETER-HANSEN Verts/ALEArash SAEIDI The Left
- For opinion
- ECON — Economic and Monetary Affairs · rapporteur René REPASI S&D
The rapporteur drafts and negotiates the text for the lead committee; each other political group names a shadow rapporteur to follow the file.
The text, version by version
Committee draft → Tabled for plenary: Adds extensive recitals and articles on pre-pack proceedings, directors' duties, and microenterprise winding-up, altering the directive's scope and obligations. Strengthens creditors' committee provisions, including workers' representation, information sharing, and confidentiality, and adds supporting measures for SMEs. Modifies avoidance action rules, including exemptions for social security payments and netting, and presumption of knowledge for closely related parties. Enhances cross-border access for insolvency practitioners to registers, courts, and beneficial ownership information, and shortens notification deadlines. The remaining changes are formal or wording updates, including punctuation, cross-references, and terminology alignment. see the changes →
Committee opinions: Opinion (ECON),Opinion (ECON),Draft opinion (ECON),Draft opinion (ECON)
Newest version first. Open a version to read it in full. “What changed” shows the differences paragraph by paragraph; ✦ lines are AI-written from the texts themselves.
Timeline
- Outcome
- 1 April 2026 Published in the Official Journal
The act is now EU law.
- 30 March 2026 Signed by the Presidents of Parliament and the Council
The last step before the act is published in the Official Journal.
- Plenary stage
- 10 March 2026 Plenary voteAdopted Adopted by an overwhelming majorityFor 498 Against 90 Abstained 28
Final vote on the provisional agreement at 13:12 · 81% of votes cast in favour · every MEP’s position →
Show all 19 ballots in voting order
Rejected2. Final vote on the provisional agreement 13:12 A10-0126/2025 – Emil Radev – Provisional agreement – Am 201Adopted3. Final vote Text as a wholeNot put to a vote, because an earlier vote already settled the matter.A vote by raised hands. Only the outcome is recorded, not who voted how. — no individual positions recorded4. Separate vote on Article 2, paragraph 1, after point aNot put to a vote, because an earlier vote already settled the matter.A vote by raised hands. Only the outcome is recorded, not who voted how. — no individual positions recordedNot put to a vote, because an earlier vote already settled the matter.6. Separate vote on Article 18, paragraph 2Not put to a vote, because an earlier vote already settled the matter.A vote by raised hands. Only the outcome is recorded, not who voted how. — no individual positions recorded7. Separate vote on Article 19, after paragraph 2Not put to a vote, because an earlier vote already settled the matter.A vote by raised hands. Only the outcome is recorded, not who voted how. — no individual positions recorded8. Separate vote on Article 20, after paragraph 2Not put to a vote, because an earlier vote already settled the matter.A vote by raised hands. Only the outcome is recorded, not who voted how. — no individual positions recorded9. Separate vote on Article 22, paragraph 1, after paragraph 1Not put to a vote, because an earlier vote already settled the matter.A vote by raised hands. Only the outcome is recorded, not who voted how. — no individual positions recorded10. Separate vote on Article 25, after paragraph 1Not put to a vote, because an earlier vote already settled the matter.A vote by raised hands. Only the outcome is recorded, not who voted how. — no individual positions recorded11. Separate vote on Article 26, after paragraph 2Not put to a vote, because an earlier vote already settled the matter.A vote by raised hands. Only the outcome is recorded, not who voted how. — no individual positions recordedNot put to a vote, because an earlier vote already settled the matter.13. Separate vote on Article 27Not put to a vote, because an earlier vote already settled the matter.A vote by raised hands. Only the outcome is recorded, not who voted how. — no individual positions recorded14. Vote on text inserted after recital 1Not put to a vote, because an earlier vote already settled the matter.A vote by raised hands. Only the outcome is recorded, not who voted how. — no individual positions recorded15. Vote on text inserted after recital 30Not put to a vote, because an earlier vote already settled the matter.A vote by raised hands. Only the outcome is recorded, not who voted how. — no individual positions recorded16. Vote on text inserted after recital 31Not put to a vote, because an earlier vote already settled the matter.A vote by raised hands. Only the outcome is recorded, not who voted how. — no individual positions recorded17. Vote on text inserted after recital 55Not put to a vote, because an earlier vote already settled the matter.A vote by raised hands. Only the outcome is recorded, not who voted how. — no individual positions recorded18. Vote on text inserted after recital 55Not put to a vote, because an earlier vote already settled the matter.A vote by raised hands. Only the outcome is recorded, not who voted how. — no individual positions recordedNot put to a vote, because an earlier vote already settled the matter. - 9 March 2026 Debated in plenary
MEPs debated the text in the chamber ahead of the vote.
- 3 March – 6 March 2026 214 amendments tabled for the plenary vote
Groups propose changes to the tabled text; each is voted on before the final vote.
- Negotiations with the Council
- 11 December 2025 Committee approved the deal reached with the Council
The provisional agreement from the trilogues goes to the whole Parliament for a vote.
- 19 November 2025 Trilogue meeting
Negotiation between Parliament, Council and Commission on a common text.
- 9 July 2025 Trilogue meeting
Negotiation between Parliament, Council and Commission on a common text.
- 9 July 2025 Plenary endorsed the mandate to negotiate with the Council
Parliament’s negotiators can now seek a compromise text with the Council (in “trilogues”).
- Plenary stage
- 1 July 2025 Report tabled for plenary
This is the text all MEPs vote on. Political groups can still table amendments to it.
- Committee stage
- 24 June 2025 Committee vote: report adopted
JURI (Legal Affairs) voted on the amendments and adopted the report that goes to plenary.
- 24 April 2025 Amendments tabled in committee
Members of JURI (Legal Affairs) proposed changes to the draft.
- 20 March 2025 Draft report published
The rapporteur’s first text in JURI (Legal Affairs). Members can table amendments before the committee votes.
- 19 March 2025 ECON (Economic and Monetary Affairs) adopted its opinion
The opinion is attached to the report for the lead committee to consider.
- 25 July 2023 Draft opinion from ECON (Economic and Monetary Affairs)
An associated committee gives its view to the lead committee.
- 26 January 2023 Referred to the JURI (Legal Affairs) committee
The lead committee prepares the report; ECON (Economic and Monetary Affairs) gives an opinion.