Bankruptcy Reform-Breaking the Court Logjam in Colombia

• Tác giả: Izak Atiyas
• Ngôn ngữ: eng
• Ký hiệu phân loại: 378.86 Higher education
• Thông tin xuất bản: World Bank, Washington, DC, 2012
• Bộ sưu tập: Tài liệu truy cập mở
• ID: 244892
• Chủ đề: 1. AUTHORITY; 2. BANKING SYSTEM; 3. BANKRUPTCY; 4. BANKRUPTCY LAW; 5. BANKRUPTCY PROCEDURES

Tóm tắt

Many developing countries suffer from logjam in the courts, a condition that tends to reduce the effectiveness of bankruptcy law in relieving financial distress. Colombia's bankruptcy reform provides some useful lessons for these countries. In particular, it shows that when traditional court procedures are hard to change, an alternative is to legally empower another entity to handle the entire process. The author explains how it was done in Colombia.