One very controversial judgement was the subject of a hot public debate and almost an international scandal at the beginning of 2012 in Latvia.

Serbia has made great strides in improving its system of bankruptcy administration beyond revision of laws and regulations. The Bankruptcy Supervision Agency, charged with regulatory oversight of nearly 400 licensed bankruptcy administrators, faces the challenge of effective supervision with limited financial and human resources. The Agency will soon be aided by an electronic Risk Based Management System, introduced by the Bankruptcy and Enforcement Strengthening (BES) project, implemented by Booz Allen Hamilton and funded by the United States Agency for International Development (USAID).