Where the law stands, Dossier 2022/0408(COD)
Harmonising certain aspects of insolvency law
Ordinary legislative procedure (COD): Parliament and the Council decide together as equals. · First reading
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
Published as law
Completed: published in the Official Journal on 1 April 2026 and now EU law.
- Referred to committee(done) 26 January 2023
- Committee work(done) Report adopted 24 June 2025
- Tabled for plenary(done) 1 July 2025
- Negotiations with the Council(done) Deal approved in committee 11 December 2025
- Plenary vote(done) Adopted 10 March 2026
- Published as law(done) 1 April 2026
Decided in plenary
10 March 2026 · decision 1
Economy & single market, New EU law
Harmonising certain aspects of insolvency law
Passed 498 for · 90 against · 28 abstained by an overwhelming majority
AI summary:The directive aims to make insolvency proceedings more uniform and efficient, protecting businesses and creditors.
What changed
Committee draft → Tabled for plenary
AI summary: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.
Who works on it
- Lead committee
- Legal Affairs
- The MEP who drafts the report and negotiates it on behalf of the committee.
- Emil Radev (EPP)
- An MEP who follows a report on behalf of their own group when another group holds the rapporteur.
- René Repasi (S&D), Ton Diepeveen (Patriots), Gheorghe Piperea (ECR), Jana Toom (Renew), Kira Marie Peter-Hansen (Greens), Arash Saeidi (The Left)
- Committees giving an opinion
- Economic and Monetary Affairs· rapporteurRené Repasi (S&D)
The text, version by version
Newest first.
Adopted by Parliament· 10 Mar 2026
AI summary:Parliament's amended version of the proposed directive harmonising certain aspects of insolvency law. It sets out rules on when insolvency proceedings may be opened, the duties of directors, and the avoidance of transactions that harm creditors.
Tabled for plenary· 1 Jul 2025
AI summary:Parliament's amended version of the proposed directive harmonising certain aspects of insolvency law sets common rules on avoidance actions, asset tracing, pre-pack proceedings, directors' duties, and creditors' committees.
Committee draft· 20 Mar 2025
AI summary:The draft report proposes amendments to the directive harmonising insolvency law, covering avoidance actions, asset tracing, pre-pack proceedings, directors' duties, and creditors' committees, while deleting provisions on simplified winding-up for microenterprises.
Committee opinions: Opinion (ECON), Opinion (ECON), Draft opinion (ECON), Draft opinion (ECON)
Timeline
Newest first.
Outcome 2 steps
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 3 steps
10 March 2026
Plenary vote
Sitting of 10 Mar 2026 Adopted text TA10-0057/2026Report A10-0126/2025
9 March 2026
Debated in plenary
MEPs debated the text in the chamber ahead of the vote.
Sitting of 9 Mar 2026 Council / Commission text C9-0410/2022Report A10-0126/2025
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.
Amendments 1–200Amendment 201Amendments 202–203Amendments 206–215Amendment 216
Negotiations with the Council 4 steps
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 step
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 6 steps
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.
Official record: Legislative Observatory, 2022/0408(COD)