Restructuring the European Business Enterprise: The EU Commission Recommendation on a New Approach to Business Failure and Insolvency

2015 ◽  
Author(s):  
Horst G. M. Eidenmueller ◽  
Kristin van Zwieten
Keyword(s):  
Business Failure ◽  
Business Enterprise ◽  
New Approach ◽  
European Business ◽  
Commission Recommendation ◽  
Eu Commission ◽  
The Eu

scholarly journals The European Approach to Building AI Policy and Governance: A Haven for Bureaucrats or Innovators?

2021 ◽  
pp. 1-14
Author(s):  
Olga Shumilo ◽  
Tanel Kerikmäe
Keyword(s):  
Global Economy ◽  
Considerable Effort ◽  
New Approach ◽  
Digital Platforms ◽  
Human Control ◽  
Disruptive Technologies ◽  
Legislative Proposal ◽  
Efficient Manufacturing ◽  
Eu Commission ◽  
The Eu

Disruptive technologies and the domination of digital platforms have challenged the global economy players twice — first, to get a hand on them, then to mitigate the possible risks. It is beyond doubt that reliable artificial intelligence (AI) can bring many benefits at the European level, such as better health care, safer and cleaner transport, more efficient manufacturing, and sustainable energy. But regulating the unknown requires considerable effort on how to attract investors using clear rules while keeping human control over the algorithms as a priority. In April 2021, the EU Commission published a holistic proposal to regulate the use of AI, which promises to put trust first and ensure that facial recognition and big data operators will never abuse fundamental human rights. Although the proposal is likely to be amended during EU-wide discussions, the new approach to AI will clearly give citizens the reassurance to adopt these technologies while encouraging companies to develop them. Hence, this article aims to map the core challenges for the EU policy on the use of AI, as well as the milestones of developing the holistic legislative proposal, and clarify if the afore-mentioned proposal indeed solves all the AI-related risks for future generations.

scholarly journals A Bayesian approach to developing a strategic early warning system for the French milk market

2017 ◽  
Vol 7 (3) ◽  
Author(s):  
Christophe Bisson ◽  
Furkan Gurpinar
Keyword(s):  
Multivariate Time Series ◽  
Warning System ◽  
Time Series Regression ◽  
New Approach ◽  
Future State ◽  
Robust Decisions ◽  
Public Organisations ◽  
Milk Market ◽  
Eu Commission ◽  
The Eu

A new approach is provided in our paper for creating a strategic early warningsystem allowing the estimation of the future state of the milk market as scenarios. This is inline with the recent call from the EU commission for tools that help to better address such ahighly volatile market. We applied different multivariate time series regression and Bayesiannetworks on a pre-determined map of relations between macro-economic indicators. Theevaluation of our findings with root mean square error (RMSE) performance score enhancesthe robustness of the prediction model constructed. Our model could be used by competitiveintelligence teams to obtain sharper scenarios, leading companies and public organisations tobetter anticipate market changes and make more robust decisions.

scholarly journals Preventive Restructuring as a New Trend of Insolvency Legislation

2021 ◽  
pp. 51-60
Author(s):  
Yaroslav Hrynchyshyn ◽  
Keyword(s):  
Main Tool ◽  
Business Failure ◽  
The European Union ◽  
Member States ◽  
New Approach ◽  
Eu Member States ◽  
Eu Directive ◽  
Financial Restructuring ◽  
Definition Of ◽  
The Eu

The need to harmonize corporate insolvency legislation has led to the adoption by the European Union of the relevant regulations – the Recommendation on a New Approach to Business Failure and Insolvency and the Directive 2019/1023 on preventive restructuring frameworks, on discharge of debt and disqualifications, and on measures to increase the efficiency of procedures concerning restructuring, insolvency and discharge of debt, and amending Directive (EU) 2017/1132 (Directive on restructuring and insolvency). The purpose of the article is to reveal the essence of preventive restructuring, to assess the main differences in the definition of preventive restructuring in accordance with the provisions of the EU Directive and the Code of Ukraine on bankruptcy procedures. In this work, preventive restructuring is considered as the main tool for timely prevention of bankruptcy, the implementation of which in the EU member states has significant differences. An overview of the provisions of EU regulations on preventive restructuring and the process of their implementation in the member states was done. A comparative analysis of the EU directive on the mechanisms of preventive restructuring and certain provisions of the Code of Ukraine on bankruptcy procedures related to reorganization prior to the commencement of bankruptcy proceedings was carried out. It was found that the Code lacks such principles as early appeal, protection of new financing, taking into account the peculiarities of small and medium-sized businesses. Differences in the use of other principles were also identified. Ukrainian legislation encourages debtors to liquidate their business rather than to carry out financial restructuring. Taken into account the European vector of development, today Ukraine has a real chance to improve insolvency legislation based on the provisions of the EU Directive.

scholarly journals The legal street: a scarcity approach to urban open space in mobility transitions

2021 ◽  
Vol 3 (1) ◽  
Author(s):  
Brett J. M. Petzer ◽  
Anna J. Wieczorek ◽  
Geert P. J. Verbong
Keyword(s):  
Urban Space ◽  
Open Space ◽  
National Level ◽  
Urban Mobility ◽  
New Approach ◽  
Urban Open Space ◽  
Space Allocation ◽  
Zero Sum ◽  
Lock In ◽  
The Eu

AbstractAn urban mobility transition requires a transition in space allocation, since most mobility modes are dependent on urban open space for circulation and the storage of vehicles. Despite increasing attention to space and spatiality in transitions research, the finite, physical aspects of urban space, and the means by which it is allocated, have not been adequately acknowledged as an influence on mobility transitions. A conceptual framework is introduced to support comparison between cities in terms of the processes by which open space is (re-)distributed between car and bicycle circulatory and regulatory space. This framework distinguishes between regulatory allocation mechanisms and the appropriation practices of actors. Application to cases in Amsterdam, Brussels and Birmingham reveal unique relationships created by the zero-sum nature of urban open space between the dominant automobility mode and subordinate cycling mode. These relationships open up a new approach to forms of lock-in that work in favour of particular mobility modes within the relatively obdurate urban built environment. Empirically, allocation mechanisms that routinise the production of car space at national level within the EU are shown to be far more prevalent than those for bicycle space, highlighting the constraints faced by radical city-level policies aimed at space reallocation.

scholarly journals Ergot Alkaloids in Wheat and Rye Derived Products in Italy

Foods ◽  
2019 ◽  
Vol 8 (5) ◽  
pp. 150 ◽  
Author(s):  
Francesca Debegnach ◽  
Simona Patriarca ◽  
Carlo Brera ◽  
Emanuela Gregori ◽  
Elisa Sonego ◽  
...  
Keyword(s):  
Durum Wheat ◽  
Middle Ages ◽  
Plant Pathogen ◽  
Ergot Alkaloids ◽  
Cereal Grains ◽  
Wheat Bread ◽  
Claviceps Purpurea ◽  
Eu Commission ◽  
Ongoing Monitoring ◽  
The Eu

Genus Claviceps is a plant pathogen able to produce a group of toxins, ergot alkaloids (EAs), whose effects have been known since the Middle Ages (ergotism). Claviceps purpurea is the most important representative specie, known to infect more than 400 monocotyledonous plants including economically important cereal grains (e.g., rye, wheat, triticale). EAs are not regulated as such. Maximum limits are in the pipeline of the EU Commission while at present ergot sclerotia content is set by the Regulation (EC) No. 1881/2006 in unprocessed cereals (0.05% as a maximum). This study aimed to investigate the presence of the six principal EAs (ergometrine, ergosine, ergocornine, α-ergocryptine, ergotamine and ergocristine) and their relative epimers (-inine forms) in rye- and wheat-based products. Of the samples, 85% resulted positive for at least one of the EAs. Wheat bread was the product with the highest number of positivity (56%), followed by wheat flour (26%). Rye and wheat bread samples showed the highest values when the sum of the EAs was considered, and durum wheat bread was the more contaminated sample (1142.6 μg/kg). These results suggest that ongoing monitoring of EAs in food products is critical until maximum limits are set.

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