contents table Logo lexp
On the protection of employees in the event of the insolvency of their employer (Codified version) (Text with EEA relevance)
Article 5

Article 5

Member States shall lay down detailed rules for the organisation, financing and operation of the guarantee institutions, complying with the following principles in particular:

  1. the assets of the institutions must be independent of the employers’ operating capital and be inaccessible to proceedings for insolvency;
  2. employers must contribute to financing, unless it is fully covered by the public authorities;
  3. the institutions’ liabilities must not depend on whether or not obligations to contribute to financing have been fulfilled.