[PDF] Orderly And Effective Insolvency Procedures eBook

Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 108 pages
File Size : 20,48 MB
Release : 1999-08-02
Category : Business & Economics
ISBN : 9781557758200

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Written by IMF's Legal Department, this book outlines the key issues involved in designing and implementing orderly and effective insolvency procedures, which play a critical role in fostering growth and competitiveness and may also assist in the prevention and resolution of financial crises. The book draws on lessons learned from firsthand experience by some of the IMF's 182 member countries. It includes an analysis of the major policy choices that countries need to address when designing an insolvency system, a discussion of the advantages and disadvantages of these choices, and a number of specific recommendations.

Author : International Monetary Fund Staff
Publisher :
Page : pages
File Size : 49,9 MB
Release : 2000-07-15
Category :
ISBN : 9781475510546

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Written by IMF's Legal Department, this book outlines the key issues involved in designing and implementing orderly and effective insolvency procedures, which play a critical role in fostering growth and competitiveness and may also assist in the prevention and resolution of financial crises. The book draws on lessons learned from firsthand experience by some of the IMF's 182 member countries. It includes an analysis of the major policy choices that countries need to address when designing an insolvency system, a discussion of the advantages and disadvantages of these choices, and a number of specific recommendations.

Author : International Monetary Fund. Monetary and Capital Markets Department
Publisher : International Monetary Fund
Page : 77 pages
File Size : 29,8 MB
Release : 2009-04-17
Category : Business & Economics
ISBN : 1498336051

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This study provides an overview of the legal, institutional, and regulatory framework that countries should put in place to address cases of bank insolvency. It is primarily intended to inform the work of the staffs of the International Monetary Fund (IMF) and World Bank, and to provide guidance to their member countries.

Author : Mr.Federico J Diez
Publisher : International Monetary Fund
Page : 29 pages
File Size : 47,62 MB
Release : 2021-04-02
Category : Business & Economics
ISBN : 1513574566

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The COVID-19 pandemic has increased insolvency risks, especially among small and medium enterprises (SMEs), which are vastly overrepresented in hard-hit sectors. Without government intervention, even firms that are viable a priori could end up being liquidated—particularly in sectors characterized by labor-intensive technologies, threatening both macroeconomic and social stability. This staff discussion note assesses the impact of the pandemic on SME insolvency risks and policy options to address them. It quantifies the impact of weaker aggregate demand, changes in sectoral consumption patterns, and lockdowns on firm balance sheets and estimates the impact of a range of policy options, for a large sample of SMEs in (mostly) advanced economies.

Author : United Nations Commission on International Trade Law
Publisher : United Nations Publications
Page : 384 pages
File Size : 26,85 MB
Release : 2005
Category : Law
ISBN : 9789211337365

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This publication seeks to assist the establishment of a legal framework for an efficient and effective national corporate insolvency regime which strikes a balance between the financial difficulties of debtors and the interests of creditors and other relevant parties, as well as addressing public policy concerns. The text of this draft legislative guide was adopted by UNCITRAL in June 2004 and approved by UN General Assembly resolution 59/40 in December 2004.

Author : T. M. C. Asser
Publisher : International Monetary Fund
Page : 208 pages
File Size : 44,55 MB
Release : 2001-04-18
Category : Business & Economics
ISBN :

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This report is based on a comparative study of the law of selected countries with banking legislation that may serve as standard for the treatment of banks in distress. It is consistent with and builds on the G-22 Working Group Reports on the International Financial Architecture, issued in October 1998, and the report, Orderly and effective insolvency procedures: key issues, prepared by the Legal Department of the IMF and published in August 1999.

Author : José Garrido
Publisher : International Monetary Fund
Page : 21 pages
File Size : 13,12 MB
Release : 2016-07-11
Category : Business & Economics
ISBN : 1475570244

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Italian banks are burdened with high levels of nonperforming loans, the cleanup of which depends in important part on the efficiency of insolvency and enforcement processes. Traditionally, these processes in Italy have taken very long, hampering the timely cleanup of balance sheets. In response, the authorities have legislated a number of measures. This paper explores the recent insolvency and enforcement reforms and the remaining challenges. These reforms introduce important positive changes that are expected to yield full benefits over the medium to long term. The efficacy of the reforms, including to deal with the current stock of high nonperforming loans, can be enhanced by introducing effective out-of-court enforcement mechanisms, supplemented by a more intensive use of informal and hybrid debt-restructuring solutions. Moreover, there is an urgent need to rationalize the system, which over the years has become very complex and intricate.

Author : José Garrido
Publisher : International Monetary Fund
Page : 44 pages
File Size : 50,57 MB
Release : 2019-02-04
Category : Business & Economics
ISBN : 1484396227

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To date, the use of empirical data in insolvency law analysis has been sporadic. This paper provides a conceptual framework for the use of data to assess the effectiveness and efficiency of insolvency systems. The paper analyzes the existing sources of data on insolvency proceedings, including general insolvency statistics, judicial statistics, statistics of insolvency regulators and other sources, and advocates for the design of special data collection mechanisms and statistics to conduct detailed assessments of insolvency systems and to assist in the design of legal reforms.

Author : Bo Xie
Publisher : Edward Elgar Publishing
Page : 328 pages
File Size : 39,42 MB
Release : 2016-11-25
Category : Law
ISBN : 1781007381

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Comparative Insolvency Law argues that the most important development in contemporary insolvency law and practice is the shift towards a rescue culture rather than full creditor satisfaction. This book is the first to specifically examine the rise of the pre-pack approach, which permits debtor companies to formulate a clear pre-arranged exit before entering into formal insolvency proceedings.