TARGET GROUP | Senior policy makers responsible for the design or implementation of corporate and household insolvency legislation and related issues. Participants should have five years of relevant work experience, good knowledge of the insolvency system, and preferably an advanced law degree. Attendance is by invitation only. Prerequisites are specified in the nomination request letters.
DESCRIPTION | This three-day course, presented by the IMF’s Legal Department, offers public officials a forum to share with peers their experience with corporate and household insolvency law reform and implementation, as well as such related issues as enforcement of claims and alternative techniques for the treatment of distressed debt. The global financial crisis and the subsequent national crises have brought to the fore the need for effective insolvency regimes and many countries already have or are planning insolvency reforms to address the consequences of changes in the economic environment. The interactive format of this course is designed for policy makers from a diverse group of countries dealing with corporate and household insolvency issues, leading international experts, and representatives of the IMF Legal and other functional and area departments, the World Bank, and other international organizations.
OBJECTIVES | Upon completion of this course, participants should be able to:
• Assess how policy objectives and technical solutions interact in corporate and household insolvency and other related areas
• Identify trends for the future development of insolvency legislation
• Extract lessons from positive and negative experiences in European countries