This policy paper explores airline restructuring and regulatory reform challenges and opportunities in the Southern … characterized by the dominance of troubled state-owned airlines which have been unable to generate meaningful positive returns for … turnaround strategies, albeit unsuccessful …

stabilized the banking system, but the challenge now is to devise a credible exit strategy and to strengthen the resolution …

stabilized the banking system, but the challenge now is to devise a credible exit strategy and to strengthen the resolution …

. The insolvency process in Lithuania has been almost exclusively one of liquidation, plagued by delay and procedural … obstacles. A new insolvency law was adopted in July 2001, bringing to three the number of insolvency laws currently in effect …. The process may be aided by the developing training guides and programs. Regulation of insolvency remains fragmented and …

infrastructure, and its implementation supporting debtor-creditor relationships, corporate insolvency and credit risk management, and … resolution practices, including among others, members of the Inter-Agency Commission for the preparation of a new insolvency law … allowed subject to posting of appropriate bond. In addition; the Bankruptcy Law should be further amended to include mandatory …

In 1995, Argentina enacted a new modern insolvency law that substantially improved corporate liquidations and … difficult in practice; (2) the unified insolvency regime causes severe problems in judicial interpretation of many legal … provisions, causing court congestion with insolvency cases; (3) an uneven playing field discourages rehabilitation; (4) a lack of …

The legal and institutional framework governing creditor rights and insolvency proceedings in Chile reasonably complies … enjoying such instruments use ordinary proceedings whose duration is even longer (3 to 5 years). Insolvency legislation is …, however, is 2 to 3 years. The Insolvency Law also governs judicial reorganization proceedings but classification of creditors …