which they shape aggregate productivity growth. A range of potentially relevant policies are identified, spanning insolvency … orderly exit of failing firms, the efficiency of insolvency regimes emerges as particularly crucial. Thus, the paper analyses … corporate and personal insolvency regimes in terms of their goals, optimal design (including trade-offs) and key features …

threatened by insolvency and during this procedure, the business of the company is still managed by the existing management board … insolvency practitioner. The extraordinary administration procedure in companies of systemic importance for the Republic of …