Rwanda Insolvency Practitioners Undergo Capacity Building Exercise

RDB (Rwanda Development Board) this Wednesday commenced a three-day workshop in Kigali to train Rwanda’s insolvency practitioners, judges and other stakeholders including bankers and academics on the new insolvency law and matters around it, Taarifa reported. The insolvency law is part of commercial laws which the World Bank considers in the annual evaluation exercise for ranking Rwanda in the ease of Doing Business global index. The insolvency law is assessed together with its implementing institutions on how they facilitate doing business in the country. The evaluation takes into account the time, cost and outcome of insolvency proceedings while assessing how much secured creditors are able to recover through reorganization, liquidation or debt enforcement proceedings. The training is meant to introduce the 88 trainees to the new insolvency regime and further build their capacities. Read more