Modernizing Italy's Bankruptcy Law
Reforming bankruptcy laws is difficult for many reasons. First of all, attitudes in Italy toward bankruptcy make it a difficult subject to generate support for. Secondly, bankruptcy reforms are complex and lengthy. They require changes not only to...
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| Format: | Brief |
| Language: | English |
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World Bank, Washington, DC
2012
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| Online Access: | http://documents.worldbank.org/curated/en/2007/12/9880507/modernizing-italys-bankruptcy-law http://hdl.handle.net/10986/10628 |
| Summary: | Reforming bankruptcy laws is difficult
for many reasons. First of all, attitudes in Italy toward
bankruptcy make it a difficult subject to generate support
for. Secondly, bankruptcy reforms are complex and lengthy.
They require changes not only to the bankruptcy law but also
to other important parts of the legal framework, such as the
codes of civil procedures and, in the case of Italy, the
penal code. Finally, they require support from those that
must implement them. This paper outlines the author
experience in leading the commission for the reform of the
bankruptcy law and the lessons learned from it. |
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