3. Text with EEA relevance. — Directive (EU) 2019/1023 of the European Parliament and of…

3.

Text with EEA relevance.

Directive (EU) 2019/1023 of the European Parliament and of the Council of 20 June 2019 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) (Text with EEA relevance.) · European Union

Notwithstanding paragraph 2, Member States may exclude from the right to vote the following: equity holders; creditors whose claims rank below the claims of ordinary unsecured creditors in the normal ranking of liquidation priorities; or any related party of the debtor or the debtor's business, with a conflict of interest under national law.

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Source: EUR-Lex (Cellar) · retrieved 2026-10-14 · Text as adopted (Official Journal); later amendments are not incorporated in this text.