Sutherland Says Bankruptcy and Insolvency Reform Crucial to Country

Minister of Small Business, Entrepreneurship and Commerce, Dwight Sutherland believes Barbados must have strong insolvency legislation and sound insolvency procedures as it seeks become globally competitive, Loop reported. Addressing a meeting on the country’s Bankruptcy and Insolvency Act, hosted in conjunction with IMPACT Justice and the Government of Canada, he noted that the Mia Mottley-led Government was committed to implementing relevant reforms to improve business on the island. “While the topic of bankruptcy and insolvency is often considered taboo, given the stigma that is usually attached to business and financial failure, we recognize that we can no longer ignore its importance to economic growth and financial stability,” the Minister assured the gathering of attorneys and accountants at the Accra Beach Resort. Read more