Report on the Treatment of MSME Insolvency
Micro, small, and medium enterprises (MSMEs) are among the largest commercial users of insolvency systems. MSMEs are a significant part of the global economy – and just as there are large numbers of MSMEs, there are large numbers of MSME insolvenci...
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| Language: | English en_US |
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World Bank, Washington, DC
2017
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| Online Access: | http://documents.worldbank.org/curated/en/973331494264489956/Report-on-the-treatment-of-MSME-insolvency http://hdl.handle.net/10986/26709 |
| Summary: | Micro, small, and medium enterprises
(MSMEs) are among the largest commercial users of insolvency
systems. MSMEs are a significant part of the global economy
– and just as there are large numbers of MSMEs, there are
large numbers of MSME insolvencies. However, there are a
very few specialized legal regimes for MSME insolvency; most
jurisdictions treat MSME insolvencies the same as for other
corporate entities, or conversely, natural persons, despite
MSMEs' unique attributes. This report considers the
specific challenges of insolvent MSMEs (including the
difficulties of defining MSMEs and distinguishing them from
large corporate entities); reviews and analyzes how
legislation in different jurisdictions deals with the
challenges of MSME insolvency; and considers if existing
international standards are sufficient to address MSME insolvency. |
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