PREVENTIVE RESTRUCTURING, FINANCIAL DISTRESS AND VIABILITY OF THE COMPANIES

Abstract

The need to restructure businesses has become a constant reality in the international economic landscape and hence the constant concern of the European legislature to harmonize the relevant legislation in the Member States. In order to harmonize the legislation, it is necessary to establish the common benchmark that will underpin the legislation of the EU countries. Defining the methods of restructuring, defining the financial difficulty and the ways of assessing the viability of companies are starting points in this approach.

Keywords

• financial distress