The EBRD’s Legal Transition Team has completed an assessment of business reorganisation tools in all 38 emerging economies where the EBRD is active. Our goal is to help governments and legislators to identify where longer-term legal reforms are needed to encourage the use of insolvency tools for business continuity and turnaround.
Our work includes assisting governments to reform their insolvency legislation, strengthen the regulatory framework for insolvency office holders, train insolvency professionals and develop strategies for the resolution of NPLs. Our work is guided by the EBRD Core Insolvency Principles and Insolvency Office Holder Principles.
You can find all upcoming events and news in relation to our initiatives here.
To maximise the effectiveness of the assessment, the EBRD was supported by the International Development Law Organization (IDLO), UNCITRAL, INSOL Europe, and INSOL International, and cooperated with the European Commission.