“No Way Out” : The Lack of Efficient Insolvency Regimes in the MENA Region

This paper provides a comparative summary of the payout phase of insolvency systems in the MENA Region. Countries in the region generally have weaker restructuring and liquidation systems than those in most other regions. The paper summarizes many of the weaknesses common across the region.

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Bibliographic Details
Main Author: Uttamchandani, Mahesh
Language:English
Published: 2011-03-01
Subjects:ACCESS FOR DEBTORS, ADMINISTRATIVE BODIES, ALTERNATIVE DISPUTE RESOLUTION, ASSET STRIPPING, ASSET VALUE, ASSETS, AUCTION PROCEDURE, AUCTION PROCEDURES, BALANCE SHEET, BANKRUPTCIES, BANKRUPTCY, BANKRUPTCY CASE, BANKRUPTCY CASES, BANKRUPTCY CREDITORS, BANKRUPTCY DECLARATION, BANKRUPTCY FILING, BANKRUPTCY FILINGS, BANKRUPTCY LAW, BANKRUPTCY LAW REFORM, BANKRUPTCY LAWS, BANKRUPTCY PETITION, BANKRUPTCY PROCEDURE, BANKRUPTCY PROCEDURES, BANKRUPTCY PROCEEDING, BANKRUPTCY PROCEEDINGS, BANKRUPTCY PROCESS, BANKRUPTCY REGIMES, BANKRUPTCY RELIEF, BANKRUPTCY SYSTEM, BANKRUPTCY SYSTEMS, CASE BACKLOGS, CESSATION OF PAYMENTS, CIVIL LAW, CLAIM, COLLATERAL, COLLECTION BY CREDITORS, COLLECTION EFFORTS, COMMENCEMENT OF BANKRUPTCY, COMMERCIAL COURTS, COMMERCIAL INSOLVENCY, COMMERCIAL LAWS, COMMERCIAL TRANSACTIONS, COMPULSORY LIQUIDATIONS, CONSEQUENCES OF BANKRUPTCY, CORPORATE DEBTORS, CORPORATE INSOLVENCY, COURT APPROVAL, COURT DECISION, COURT RESTRUCTURING, COURT SYSTEMS, CREDIT MARKETS, CREDITOR, CREDITOR ACTION, CREDITOR ACTIONS, CREDITOR HARASSMENT, CREDITOR PRIORITIES, CREDITOR PROTECTION, CREDITOR RIGHTS, CREDITOR RIGHTS SYSTEMS, CREDITORS COMMITTEE, CREDITORS INTERESTS, CREDITORS RIGHTS, CRIMINAL LAW, DEBT, DEBT RESTRUCTURING, DEBTOR, DEBTOR COMPANY, DEBTOR IN BANKRUPTCY, DEBTOR MANAGEMENT, DEBTOR-CREDITOR SYSTEMS, DEBTORS, DEBTS, DECLARATION OF BANKRUPTCY, DISPOSAL OF ASSETS, DISPOSITION OF ASSETS, DISSENTING CREDITORS, DISTRESSED COMPANIES, DISTRIBUTION TO CREDITORS, EFFECTIVE BANKRUPTCY, EFFECTIVE INSOLVENCY, EFFICIENT INSOLVENCY, EFFICIENT LIQUIDATION, EMPLOYEE PAYMENTS, EMPLOYEE WAGES, EQUITY SWAPS, ESTATE, EXIT MECHANISMS, FILING DATE, FINANCIAL CRISES, FINANCIAL DISTRESS, FINANCIAL INFORMATION, FINANCIAL TROUBLES, FORMAL INSOLVENCY, FRAUD, FRAUDULENT CONVEYANCES, FRAUDULENT TRANSFERS, GENERAL CREDITORS, GOING CONCERN, GUARANTEE PAYMENT, INDEPENDENT INSOLVENCY REPRESENTATIVE, INDIVIDUAL CREDITOR, INSOLVENCY ADMINISTRATOR, INSOLVENCY ADMINISTRATORS, INSOLVENCY AREA, INSOLVENCY CASE, INSOLVENCY FILING, INSOLVENCY FILINGS, INSOLVENCY LAWS, INSOLVENCY PRACTITIONERS, INSOLVENCY PROCEDURE, INSOLVENCY PROCEDURES, INSOLVENCY PROCEEDING, INSOLVENCY PROCEEDINGS, INSOLVENCY PROCESS, INSOLVENCY REFORM, INSOLVENCY REGIME, INSOLVENCY REGIMES, INSOLVENCY SYSTEM, INSOLVENCY SYSTEMS, INSOLVENT, INSTITUTIONAL INFRASTRUCTURE, INSUFFICIENT FUND, INVESTMENT CLIMATE, JUDGE, JUDGES, JUDICIARY, JURISDICTION, JURISDICTIONS, LAST RESORT, LEGAL PROTECTIONS, LEGAL SYSTEMS, LEGISLATIVE GUIDE ON INSOLVENCY LAW, LENDERS, LIMITED LIABILITY, LIQUIDATION, LIQUIDATION COSTS, LIQUIDATION PROCEDURE, LIQUIDATION PROCEDURES, LIQUIDATION PROCESS, LIQUIDATION SYSTEMS, LIQUIDATOR, LIQUIDATORS, LOSS OF ASSET, MAJOR CREDITORS, MAJORITY OF CREDITORS, MULTIPLE CREDITORS, NEGOTIABLE INSTRUMENTS, NEGOTIATION, NEGOTIATIONS, NEGOTIATIONS BETWEEN DEBTOR, OPERATION OF INSOLVENCY LAW, ORDINARY CREDITOR, OUT OF COURT WORKOUTS, OUT-OF-COURT WORKOUTS, PENALTIES, PENALTY, POST-PETITION FINANCING, POTENTIAL INSOLVENCY, PRINCIPLES OF BANKRUPTCY, PRIOR TO INSOLVENCY, PRIORITIES OF CLAIMS, PRIORITY OF CREDITORS, PRIORITY RIGHTS, PRIVILEGED CREDITORS, PUBLIC FUNDS, RECOVERY RATE, RECOVERY RATES, RELIEF FROM CREDITOR, REMEDIES, REORGANIZATION, REORGANIZATION LAW, REORGANIZATION PLAN, REORGANIZATION PROCEDURE, REORGANIZATION PROCEDURES, REORGANIZATION PROCEEDING, REORGANIZATION PROCESS, REORGANIZATION PROCESSES, REORGANIZATIONS, REPAYMENT, RESTRUCTURING OF DEBT, RETURN ON ASSETS, RIGHTS OF CREDITORS, SECURITY DEPOSIT, SETTLEMENT, SETTLEMENT PROCEDURES, SMALL BUSINESSES, STAY ON CREDITOR, TRADE CREDIT, TRADE DEBTS, TRANSACTIONS LAW, TRUSTEE, UNAUTHORIZED DISPOSITION, UNJUSTIFIED BANKRUPTCY, UNSECURED CREDITORS, USE OF BANKRUPTCY, VALUABLE ASSETS, VALUE OF ASSET, WINDING UP, WORKOUTS,
Online Access:http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20110324093837
https://hdl.handle.net/10986/3375
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