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

Instrument of the European Law Institute - Rescue of Business in Insolvency Law

ELI Business Rescue Report contains 115 recommendations on a wide  variety of themes affected by the rescue of financially distressed businesses: the legal rules for professions and courts, contract law, treatment and ranking of creditors’ claims, labour law, laws relating to transaction avoidance and corporate law, all focused on business rescue, including specifying specific rules for MSMEs (Micro, Small and Medium sized businesses).

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