EU Inc. proposes a simplified insolvency path for innovative startups, intended to reduce the time and cost of wind-down. Existing national procedures range from the relatively founder-friendly (Estonia, Ireland) to the slow and document-heavy (Italy, Greece).
The proposal does not replace national insolvency law for non-EU-Inc. companies. It introduces an optional procedure for EU Inc. entities below certain thresholds, with a target maximum duration. Whether the procedure is workable depends on national courts and on the practitioner ecosystem.
This page tracks each country's current insolvency framework (procedure name, typical duration, cost), official signals on adopting the fast-track procedure, and any law-firm or restructuring-practitioner commentary. The interaction with the EU Restructuring and Insolvency Directive (2019/1023) is also relevant since most member states have only recently transposed it and the implementation gap is wide.