A Toolkit for Corporate Workouts
This Toolkit is aimed primarily at policy makers, financial institutions, and enterprises. It examines different types of corporate restructuring procedures on the basis that one size does not fit across all jurisdictions. Recent experience of the...
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| Format: | Report |
| Language: | English |
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World Bank, Washington, DC
2022
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| Online Access: | http://documents.worldbank.org/curated/undefined/982181642007438817/A-Toolkit-for-Corporate-Workouts http://hdl.handle.net/10986/36838 |
| Summary: | This Toolkit is aimed primarily at
policy makers, financial institutions, and enterprises. It
examines different types of corporate restructuring
procedures on the basis that one size does not fit across
all jurisdictions. Recent experience of the operation of
corporate restructuring regimes around the world
demonstrates that such regimes must appropriately account
for domestic considerations, including a jurisdiction’s
institutional and regulatory framework. This Toolkit, a
revised and updated version of the 2016 publication,
incorporates wide-ranging updates that reflects this
experience. It describes matters relevant to the adoption of
workout frameworks for a broad range of types of corporate
restructuring procedures, some of which provide for a role
for courts or regulatory authorities. This widened
perspective highlights considerations of particular
relevance in the context of the COVID-19 pandemic, a crisis
that makes restructuring viable businesses especially important. |
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