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; registration system; credit reference bureau; realization of collateral; judicial framework; insolvency and corporate …
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The main purpose of this report is to assist the Democratic Republic of Cong (DRC) to identify the priorities for education policy and present options in order to assist the government in developing an education strategy. This is necessary for preparing the government's Poverty Reduction...
Persistent link: https://www.econbiz.de/10012563402
"The authors study the effect of reorganization costs on the efficiency of bankruptcy laws. They develop a simple model that predicts that in a regime with high costs, the law fails to achieve the efficient outcome of liquidating unviable businesses and reorganizing viable ones. The authors test...
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The legal and institutional framework governing creditor rights and insolvency proceedings in Chile reasonably complies … risk management and resolution: Financial institutions over-rely on real estate as collateral. Pledges are not enough … enjoying such instruments use ordinary proceedings whose duration is even longer (3 to 5 years). Insolvency legislation is …
Persistent link: https://www.econbiz.de/10012559372
The Bank assessed the Mauritius insolvency and creditor rights systems pursuant to a joint IMF-World Bank initiative to … Insolvency and Creditor Rights Systems during 2002. The assessment team interviewed a cross section of country stakeholders …, corporate insolvency and credit risk management and resolution practices. Conclusions in this assessment are based largely on a …
Persistent link: https://www.econbiz.de/10012559382
The importance of a modern, binding and effective insolvency regime is undeniable. Nearly 90 countries around the world … of the key aspects in the reform process is the delicate balance addressed by a modern insolvency system which encourages … of insolvent companies high on the policy agenda. The three fundamental goals of any insolvency law are: 1) transparency …
Persistent link: https://www.econbiz.de/10012557296