INSOLVENCY RIGHTS
March 1st, 2004
BY KEITH NUTHALLSTATE guarantee organisations should be allowed to pay insolvent company employees more money than required to cover their basic needs, the European Court of Justice (ECJ) has ruled. In a case brought against Italy's National Social Welfare Institution (INPS), the court also said national laws should not order deductions from guarantee fund handouts where a failed business paid its employees some money while eing wound up. ECJ rulings are legal precedents across the European Union. Specifically, its judges ruled that directive 80/987/EEC does not ...
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