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corruption cases and restore funds to public use. Successful application of bankruptcy or insolvency law can make or break a … corruption case.Going for Broke: Insolvency Tools to Support Cross-Border Asset Recovery in Corruption Cases is intended as a … inform insolvency representatives, law enforcement officials, policy makers, and anyone entrusted with recovering their …
Persistent link: https://www.econbiz.de/10012644241
Micro and small enterprise (MSME) insolvency is particularly likely to impact not only the business, but also the … frequently in the context of corporate insolvency. This report refines and expands on the earlier deliberations of the Insolvency … and Creditor or Debtor Regimes Task Force (ICR Task Force) regarding the optimal approaches for treating MSME insolvency …
Persistent link: https://www.econbiz.de/10012645571
In the last three years, household debt has risen by a third as disposable income declined. Declining interest rates, ease of access to credit for consumers and poorly regulated microfinance lending practices led to fast growth in consumer debt. Consumer lending in the banking and microfinance...
Persistent link: https://www.econbiz.de/10012646968
Small firms are an important source of income for the poor in developing countries, and the target of many interventions designed to help them grow. But there is no systematic information on the failure or death of such firms. The paper puts together 16 panel surveys from 12 different developing...
Persistent link: https://www.econbiz.de/10012245527
The World Bank Group assessed the insolvency and creditor/debtor regimes ('ICR') of Bulgaria pursuant to the joint IMF … rather comprehensive but in practice insolvency proceedings are not working effectively. This report tries to contribute to …
Persistent link: https://www.econbiz.de/10012247258
Micro, small, and medium enterprises (MSMEs) are among the largest commercial users of insolvency systems. MSMEs are a … insolvencies. However, there are a very few specialized legal regimes for MSME insolvency; most jurisdictions treat MSME … challenges of MSME insolvency; and considers if existing international standards are sufficient to address MSME insolvency …
Persistent link: https://www.econbiz.de/10012247946
The bank insolvency framework in Poland should be modernized to ensure financial stability, maintain the continuity of … handling commercial bank insolvencies. The paper focuses on the legal issues related to insolvency of banks (including …
Persistent link: https://www.econbiz.de/10012248061
This report addresses the insolvency of natural persons following this structure: a first part introduces the … the insolvency of natural persons. The second part of the report analyzes the core legal attributes of system for the … treatment of the insolvency of natural persons: within this system, the most relevant questions are analyzed in depth, namely …
Persistent link: https://www.econbiz.de/10012248190
This paper assesses the consequences of implementing a joint liability debt system in a two-country small open economy model. With joint liability a default of one country makes the other participant liable for its debt. The results highlight a trade-off between the contagion risk, in the sense...
Persistent link: https://www.econbiz.de/10012114435
Persistent link: https://www.econbiz.de/10012644080