TARGET GROUP | Senior policymakers 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.
DESCRIPTION | This three-day workshop, 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 importance of effective insolvency regimes and many countries have already introduced, or are in the process of planning, insolvency reforms to address the changes in the economic environment. The interactive format of this workshop is designed for policymakers 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 workshop, 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