Insolvency and Debt Restructuring

Insolvency and Debt Restructuring is part of the EBRD's Legal Transition Programme (LTP). The LTP is a dedicated group of lawyers, each with a specific area of legal expertise.

Domestic insolvency laws will vary and must do so to accommodate the rich variety of legal traditions across the EBRD regions of operations. But insolvency laws need to comply with certain international standards and best practices to establish predictable and efficient legal systems and to attract foreign investment.

Our Insolvency and Debt Restructuring Work includes assisting governments in reforming business insolvency legislation and is guided by our Core Principles of insolvency law. Country projects also focus on strengthening the regulation and continuous professional development of insolvency office holders, as well as the training of specialised insolvency judges. Another important field of our work relates to the resolution of non-performing loans (NPLs), where we develop and help implement legal, regulatory and tax measures to remove impediments to effective NPL resolution.

To monitor and analyse national insolvency systems, we carry out regional assessments and studies with a focus on insolvency, restructuring and enforcement. Specific sector assessments benchmark the developments in these fields against international best standards which guide our work. The assessments and studies help to build a body of knowledge of the existing legal frameworks and identify the most relevant areas for country technical assistance projects.