“No Way Out” : The Lack of Efficient Insolvency Regimes in the MENA Region

This paper provides a comparative summary of the payout phase of insolvency systems in the MENA Region. Countries in the region generally have weaker restructuring and liquidation systems than those in most other regions. The paper summarizes many...

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Bibliographic Details
Main Author:	Uttamchandani, Mahesh
Format:	Policy Research Working Paper
Language:	English
Published:	2012
Subjects:	ACCESS FOR DEBTORS ADMINISTRATIVE BODIES ALTERNATIVE DISPUTE RESOLUTION ASSET STRIPPING ASSET VALUE ASSETS AUCTION PROCEDURE AUCTION PROCEDURES BALANCE SHEET BANKRUPTCIES BANKRUPTCY BANKRUPTCY CASE BANKRUPTCY CASES BANKRUPTCY CREDITORS BANKRUPTCY DECLARATION BANKRUPTCY FILING BANKRUPTCY FILINGS BANKRUPTCY LAW BANKRUPTCY LAW REFORM BANKRUPTCY LAWS BANKRUPTCY PETITION BANKRUPTCY PROCEDURE BANKRUPTCY PROCEDURES BANKRUPTCY PROCEEDING BANKRUPTCY PROCEEDINGS BANKRUPTCY PROCESS BANKRUPTCY REGIMES BANKRUPTCY RELIEF BANKRUPTCY SYSTEM BANKRUPTCY SYSTEMS CASE BACKLOGS CESSATION OF PAYMENTS CIVIL LAW CLAIM COLLATERAL COLLECTION BY CREDITORS COLLECTION EFFORTS COMMENCEMENT OF BANKRUPTCY COMMERCIAL COURTS COMMERCIAL INSOLVENCY COMMERCIAL LAWS COMMERCIAL TRANSACTIONS COMPULSORY LIQUIDATIONS CONSEQUENCES OF BANKRUPTCY CORPORATE DEBTORS CORPORATE INSOLVENCY COURT APPROVAL COURT DECISION COURT RESTRUCTURING COURT SYSTEMS CREDIT MARKETS CREDITOR CREDITOR ACTION CREDITOR ACTIONS CREDITOR HARASSMENT CREDITOR PRIORITIES CREDITOR PROTECTION CREDITOR RIGHTS CREDITOR RIGHTS SYSTEMS CREDITORS COMMITTEE CREDITORS INTERESTS CREDITORS RIGHTS CRIMINAL LAW DEBT DEBT RESTRUCTURING DEBTOR DEBTOR COMPANY DEBTOR IN BANKRUPTCY DEBTOR MANAGEMENT DEBTOR-CREDITOR SYSTEMS DEBTORS DEBTS DECLARATION OF BANKRUPTCY DISPOSAL OF ASSETS DISPOSITION OF ASSETS DISSENTING CREDITORS DISTRESSED COMPANIES DISTRIBUTION TO CREDITORS EFFECTIVE BANKRUPTCY EFFECTIVE INSOLVENCY EFFICIENT INSOLVENCY EFFICIENT LIQUIDATION EMPLOYEE PAYMENTS EMPLOYEE WAGES EQUITY SWAPS ESTATE EXIT MECHANISMS FILING DATE FINANCIAL CRISES FINANCIAL DISTRESS FINANCIAL INFORMATION FINANCIAL TROUBLES FORMAL INSOLVENCY FRAUD FRAUDULENT CONVEYANCES FRAUDULENT TRANSFERS GENERAL CREDITORS GOING CONCERN GUARANTEE PAYMENT INDEPENDENT INSOLVENCY REPRESENTATIVE INDIVIDUAL CREDITOR INSOLVENCY ADMINISTRATOR INSOLVENCY ADMINISTRATORS INSOLVENCY AREA INSOLVENCY CASE INSOLVENCY FILING INSOLVENCY FILINGS INSOLVENCY LAWS INSOLVENCY PRACTITIONERS INSOLVENCY PROCEDURE INSOLVENCY PROCEDURES INSOLVENCY PROCEEDING INSOLVENCY PROCEEDINGS INSOLVENCY PROCESS INSOLVENCY REFORM INSOLVENCY REGIME INSOLVENCY REGIMES INSOLVENCY SYSTEM INSOLVENCY SYSTEMS INSOLVENT INSTITUTIONAL INFRASTRUCTURE INSUFFICIENT FUND INVESTMENT CLIMATE JUDGE JUDGES JUDICIARY JURISDICTION JURISDICTIONS LAST RESORT LEGAL PROTECTIONS LEGAL SYSTEMS LEGISLATIVE GUIDE ON INSOLVENCY LAW LENDERS LIMITED LIABILITY LIQUIDATION LIQUIDATION COSTS LIQUIDATION PROCEDURE LIQUIDATION PROCEDURES LIQUIDATION PROCESS LIQUIDATION SYSTEMS LIQUIDATOR LIQUIDATORS LOSS OF ASSET MAJOR CREDITORS MAJORITY OF CREDITORS MULTIPLE CREDITORS NEGOTIABLE INSTRUMENTS NEGOTIATION NEGOTIATIONS NEGOTIATIONS BETWEEN DEBTOR OPERATION OF INSOLVENCY LAW ORDINARY CREDITOR OUT OF COURT WORKOUTS OUT-OF-COURT WORKOUTS PENALTIES PENALTY POST-PETITION FINANCING POTENTIAL INSOLVENCY PRINCIPLES OF BANKRUPTCY PRIOR TO INSOLVENCY PRIORITIES OF CLAIMS PRIORITY OF CREDITORS PRIORITY RIGHTS PRIVILEGED CREDITORS PUBLIC FUNDS RECOVERY RATE RECOVERY RATES RELIEF FROM CREDITOR REMEDIES REORGANIZATION REORGANIZATION LAW REORGANIZATION PLAN REORGANIZATION PROCEDURE REORGANIZATION PROCEDURES REORGANIZATION PROCEEDING REORGANIZATION PROCESS REORGANIZATION PROCESSES REORGANIZATIONS REPAYMENT RESTRUCTURING OF DEBT RETURN ON ASSETS RIGHTS OF CREDITORS SECURITY DEPOSIT SETTLEMENT SETTLEMENT PROCEDURES SMALL BUSINESSES STAY ON CREDITOR TRADE CREDIT TRADE DEBTS TRANSACTIONS LAW TRUSTEE UNAUTHORIZED DISPOSITION UNJUSTIFIED BANKRUPTCY UNSECURED CREDITORS USE OF BANKRUPTCY VALUABLE ASSETS VALUE OF ASSET WINDING UP WORKOUTS
Online Access:	http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20110324093837 http://hdl.handle.net/10986/3375