Global Forum on Law Justice and Development
Generating Innovative Legal Solutions to Development Challenges

Insolvency and Creditor/Debtor Regimes Concept Note

Further to discussions and exchanges of views within the TWG “Law and the Economy”, the Bank of Italy and the World Bank, as co-leaders of the Community of Practice on Insolvency and Creditor/Debtor Regimes submitted a research project on the treatment of shareholders in the insolvency of companies. The initial proposal was debated at an informal meeting held during the Law and Development Week, in Washington D.C. (December 13, 2012). As a result of that meeting, and after a summary of the discussions at the meeting was circulated to partners in the Thematic Working Group, the co-leaders of the Community of Practice have taken the initiative of developing this concept note with a view to provide a more detailed presentation of the nature of the project, its objectives and its working plan.