Measureable Results! Doing Business Project Encourages Economies to Reform Insolvency Frameworks
Over the past 10 years, nearly 100 economies have reformed their insolvency regimes as a result of many factors, such as financial crises and to some extent the International Finance Corporation, or IFC and World Bank doing business project. In the...
| Main Authors: | , , |
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| Format: | Brief |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2014
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2013/01/17385480/measureable-results-doing-business-project-encourages-economies-reform-insolvency-frameworks http://hdl.handle.net/10986/17042 |
| Summary: | Over the past 10 years, nearly 100
economies have reformed their insolvency regimes as a result
of many factors, such as financial crises and to some extent
the International Finance Corporation, or IFC and World Bank
doing business project. In the aftermath of the global
financial crisis, governments around the world implemented
extensive insolvency reforms aimed at strengthening
regulatory mechanisms for resolving insolvency cases, to
stimulate entrepreneurship and generate a more efficient
allocation of market resources. This smart lesson discusses
two of the main best practices that stem from the key reform
areas: determination of business viability, and introduction
of reorganization proceedings. |
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