The European Commission (EC), by its very nature, loves
to harmonise. From integrated capital markets and bank capital
requirements, to its restrictive shipping law; harmonisation is
a validatory process for those sat in Brussels.
It's not always the right process though. As
this month's cover story (p26) by staff writer Lizzie Meager
discovers, an EU insolvency regime is not the way to solve the
headaches caused by disjointed jurisdictional systems.
While there are no concrete plans for a Europe-wide regime
on the table,...