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Global Insolvency & Restructuring Review 2011/12
Euromoney Trading Ltd, April 2011
The 9th edition of Global Insolvency & Restructuring Review 2011/12 has been put together to address various issues against what is still a very tough financial backdrop. With the notion that only the strong will survive, leading market professionals discuss the various implications of the crisis on a range of countries whilst also addressing the restructuring plans that will help keep the industry afloat.
- The Review incorporates a foreword by President Sumant Batra of INSOL International and a fully-updated industry directory of over 800 key insolvency and restructuring companies active in the global financial markets.
- Contributions from leading industry figures including: Allen & Overy, Brown Rudnick LLP, Castren & Snellman, IBA, INSOL, KPMG, Loyens & Loeff, PricewaterhouseCoopers, Roland Berger Strategy Consultants GmbH and Swedbank.
- Topics covered include restructuring and insolvency administrative services, liquidity issues, bankruptcy proceedings and regulations, and the IBA Section on Insolvency, Restructuring and Creditors' Rights.
- Country market reports provide an overview of insolvency and restructuring issues in Australia, Belgium, China, Denmark, Finland, France, Germany, Japan, Luxembourg, Mexico, Spain, Switzerland, the UK and many more.
Excerpt
The global financial crisis has compelled emerging and developing economies around the world to recognise that an efficient and effective insolvency system is a critical part of a nation’s financial architecture. It is absolutely vital to stability in commercial relationships and financial systems, and fundamental to economic growth, wealth creation and encouraging both enterprise and investment....
The insolvency profession plays an important role in the insolvency system. It is now well established that where a jurisdiction has a well-developed cadre of insolvency professionals, who ascribe to the highest standards together with the appropriate oversight, the insolvency system functions effectively and efficiently. Competent and recognised insolvency professions can overcome gaps in the legislative framework and make the system work for the benefit of all. Their stature, trust and skill enable them to bridge the differences that the various stakeholders will have and help ensure that the business assets are deployed to maximise value. Thus the insolvency system should provide a suitable framework for insolvency professionals. It is important however, that the role of the insolvency professional fits with societal expectations.
- From the Foreword: The importance of the insolvency profession by by Sumant Batra, President, INSOL International
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