The Iranian bankruptcy laws have not been reformed since the adoption of the commercial law more than half a century ago. The provision of bankruptcy law covers legal and natural persons engaged in trading activities and does not extend to individuals therefore personal bankruptcy are...

Corporate Insolvency is a ground for liquidation which is a matter of serious concern. Effective Insolvency procedures needs to be established for protecting the interest of the creditors efficiently. India does not have a separate Insolvency Act like United States of America and United Kingdom....

Companies of all sizes fall into financial distress. At such point, some are governed by the directors and some move into a more formal external administration conducted by an insolvency practitioner. There are similarities and significant differences in what the law imposes on directors and...