Principles for Effective Insolvency and Creditor/Debtor Regimes, Revised 2015
Effective creditor/debtor rights and insolvency systems are an important element of financial system stability. The World Bank Group accordingly has been working with partner organizations to develop principles for insolvency and creditor/debtor ri...
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| Language: | English en_US |
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World Bank, Washington, DC
2015
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| Online Access: | http://documents.worldbank.org/curated/en/2015/11/25478215/principles-effective-insolvency-creditor-debtor-rights-systems http://hdl.handle.net/10986/23356 |
| Summary: | Effective creditor/debtor rights and
insolvency systems are an important element of financial
system stability. The World Bank Group accordingly has been
working with partner organizations to develop principles for
insolvency and creditor/debtor rights systems. The
Principles for Effective Insolvency and Creditor/Debtor
Rights Systems (the Principles) are a distillation of
international best practice on design aspects of these
systems, emphasizing contextual, integrated solutions and
the policy choices involved in developing those
solutions.Based on the experience gained from the use of the
Principles, and following extensive consultations, the
publication has been thoroughly reviewed and updated in
2005, 2011 and 2015. The revised Principles contained in
this document have benefited from wide consultation and,
more importantly, from the practical experience of using
them in the context of the Bank’s assessment and operational work. |
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