10 Years of YANIL: Restructuring across Europe and the Directive on Restructuring and Insolvency

Abstract

In 2009, Prof. Em. Bob Wessels and Dr. Myriam Mailly took the initiative to establish the Younger Academics Network of Insolvency Law (YANIL). It is a branch of the INSOL Europe Academic Forum (IEAF) which brings together postgraduate and PhD students along with early career academics. The founders rightly observed the need to have the younger academics connect with their peers and overcome the limited opportunities to engage in the insolvency academy, as sometimes experienced by those still early in their careers. This year, YANIL celebrates its ten-year anniversary. Since its founding, YANIL has grown steadily and currently comprises over 70 members from more than 20 jurisdictions. It aims to foster the exchange of information on specific sources, teaching and research opportunities, research funding and support. YANIL group members meet annually at the IEAF, being present on a dedicated YANIL panel during the conference, and also connect at other insolvency-related events throughout Europe and beyond. Over 30 younger academics have been invited over the last ten years to present and discuss their research at the annual YANIL panel of the IEAF. To mark this anniversary, five members of the board of YANIL conducted a comparative study on preventive restructuring across Europe and the impact of the EU Directive on Restructuring and Insolvency (Directive). The study includes country reports from Denmark, Germany, France, the Netherlands and United Kingdom. Here we will briefly discuss this study.

Keywords: preventive restructuring; insolvency; corporate rescue; younger academics; early career research; EU law

JEL Classification: G3