Ms Deirdre O'Higgins:

Yes, in aspects it would appear to be that way. In the initial meeting we have had at Council working party level a number of member states that have advanced systems mentioned similar things.

Given that insolvency is not harmonised at an EU level, the way we all treat it is different. It is adapted to our own national criteria and requirements. A number of member states with advanced systems would be concerned that this as currently worded - and I stress "currently worded" - could detract from well-functioning systems. They would be arguing with the Commission that this should not be the case and inserting proposed amendments to ensure that it changes.