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Headlines
Romanian Economy Ministry Publishes Draft Law Simplifying Insolvency Process for Individuals
Romanian economy minister Irineu Darău announced on April 16 the launch in public consultation of a draft law aimed at simplifying the insolvency procedure for individuals, Romania-Insider.com reported. Among the main proposed…
MFS Collapse Prompts Surge in U.K. Insolvency Rates
The collapse of Market Financial Solutions and its related entities is behind a sudden surge in insolvency rates across England and Wales, according to data released by the Department for Business and Trade, the Financial Times…
Faster Insolvency Process Proposed in India with Creditor-Led Resolution Framework
A compact process proposed in India to speed up insolvency resolution can be initiated only by financial creditors having a combined share of at least 51% in debt, according to the draft regulations floated by the bankruptcy…