Publication:
Pakistan - Strengthening the Insolvency Regime : Non-Lending Technical Assistance Final Report

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dc.contributor.authorWorld Bank
dc.date.accessioned2013-02-15T19:38:56Z
dc.date.available2013-02-15T19:38:56Z
dc.date.issued2011-06
dc.description.abstractThe importance of a modern, binding and effective insolvency regime is undeniable. Nearly 90 countries around the world have reformed their bankruptcy codes since Second World War, and over half of them have done so during the last decade. One of the key aspects in the reform process is the delicate balance addressed by a modern insolvency system which encourages the organization of viable firms and liquidates unviable firms. The financial and macroeconomic crises, as recently experienced in Pakistan, provide an opportunity for bankruptcy reform, as the potential employment impact often places the issue of insolvent companies high on the policy agenda. The three fundamental goals of any insolvency law are: 1) transparency, including a system for publicizing and indexing judgments, an accessible method for registering securing interest and an effective notice of insolvency proceedings, 2) predictability - in terms of being fair, simple and clear, which if not achieved ends up costing more as financial institutions compensate the uncertainty with additional credit costs; and 3) efficiency, which conceptually is clear but empirically is difficult to measure.en
dc.identifierhttp://documents.worldbank.org/curated/en/2011/06/16251104/pakistan-strengthening-insolvency-regime-non-lending-technical-assistance
dc.identifier.doi10.1596/12374
dc.identifier.urihttps://hdl.handle.net/10986/12374
dc.languageEnglish
dc.language.isoen_US
dc.publisherWashington, DC
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCESS TO CREDIT
dc.subjectACCESS TO FINANCE
dc.subjectACCOUNTABILITY
dc.subjectADMINISTRATIVE ACTION
dc.subjectADMINISTRATIVE COSTS
dc.subjectAFFECTED CREDITORS
dc.subjectARBITRATION
dc.subjectASSET MANAGEMENT
dc.subjectASSET MANAGEMENT COMPANY
dc.subjectASSET MARKETS
dc.subjectASSET VALUE
dc.subjectASSETS
dc.subjectAUTOMATIC STAY
dc.subjectBALANCE OF PAYMENTS
dc.subjectBALANCE OF PAYMENTS CRISES
dc.subjectBALANCE SHEET
dc.subjectBALANCE SHEETS
dc.subjectBANK LOAN
dc.subjectBANKING LAWS
dc.subjectBANKING SYSTEM
dc.subjectBANKRUPTCY
dc.subjectBANKRUPTCY CODE
dc.subjectBANKRUPTCY CODES
dc.subjectBANKRUPTCY FILINGS
dc.subjectBANKRUPTCY PROCEEDING
dc.subjectBANKRUPTCY PROCEEDINGS
dc.subjectBANKRUPTCY REFORM
dc.subjectBID
dc.subjectBUSINESS ADVICE
dc.subjectBUSINESS ENTERPRISES
dc.subjectBUSINESS INSOLVENCY
dc.subjectCAPACITY BUILDING
dc.subjectCHECKS
dc.subjectCLAIM
dc.subjectCLASSES OF CLAIMANT
dc.subjectCOLLATERAL
dc.subjectCOMMODITY PRICES
dc.subjectCOMPANIES LAW
dc.subjectCOMPANY LAW
dc.subjectCONSOLIDATION
dc.subjectCORPORATE BORROWERS
dc.subjectCORPORATE DEBTORS
dc.subjectCORPORATE DISTRESS
dc.subjectCORPORATE ENTITIES
dc.subjectCORPORATE INSOLVENCY
dc.subjectCORPORATE LAW
dc.subjectCORPORATE LAW REFORM
dc.subjectCORPORATE LAWS
dc.subjectCORPORATE REORGANIZATION
dc.subjectCORPORATIONS
dc.subjectCOURT APPROVAL
dc.subjectCOURT ORDER
dc.subjectCREDIT COSTS
dc.subjectCREDIT RISK
dc.subjectCREDITOR
dc.subjectCREDITOR CLAIMS
dc.subjectCREDITOR CLASSES
dc.subjectCREDITOR CONSENT
dc.subjectCREDITOR PROTECTION
dc.subjectCREDITOR RIGHTS
dc.subjectCREDITOR RIGHTS REGIME
dc.subjectCREDITORS
dc.subjectCREDITS
dc.subjectCRIMINAL ACT
dc.subjectDEBT
dc.subjectDEBT FORGIVENESS
dc.subjectDEBTOR
dc.subjectDEBTOR COMPANY
dc.subjectDEBTORS
dc.subjectDEBTS
dc.subjectDECISION-MAKING POWERS
dc.subjectDEPENDENT
dc.subjectDISSOLUTION
dc.subjectDISTRESSED ASSET
dc.subjectDISTRESSED ASSETS
dc.subjectDISTRESSED COMPANIES
dc.subjectDISTRESSED COMPANY
dc.subjectDISTRESSED DEBT
dc.subjectDISTRESSED ENTERPRISES
dc.subjectDUE DILIGENCE
dc.subjectEFFECTIVE INSOLVENCY
dc.subjectEFFECTIVE INSOLVENCY SYSTEMS
dc.subjectEMERGING ECONOMIES
dc.subjectEMPLOYEE CLAIMS
dc.subjectEMPLOYMENT
dc.subjectEMPLOYMENT CONTRACTS
dc.subjectENFORCEABILITY
dc.subjectENTREPRENEURS
dc.subjectEQUITY STAKE
dc.subjectEXCHANGE COMMISSION
dc.subjectEXISTING CREDITORS
dc.subjectEXISTING LIABILITIES
dc.subjectEXIT MECHANISM
dc.subjectEXTERNAL SHOCKS
dc.subjectFEDERAL BUDGET
dc.subjectFINANCES
dc.subjectFINANCIAL DISCIPLINE
dc.subjectFINANCIAL DISTRESS
dc.subjectFINANCIAL INSTITUTIONS
dc.subjectFINANCIAL POSITION
dc.subjectFINANCIAL RESTRUCTURING
dc.subjectFINANCIAL STABILITY
dc.subjectFISCAL DISCIPLINE
dc.subjectFORCED SALE
dc.subjectFOREIGN COMPANIES
dc.subjectFREE MARKET
dc.subjectGOING CONCERN
dc.subjectGOING CONCERNS
dc.subjectGOVERNMENT OBLIGATIONS
dc.subjectGUARANTORS
dc.subjectIMPAIRED ASSETS
dc.subjectINCORPORATION
dc.subjectINFLATION
dc.subjectINSOLVENCY
dc.subjectINSOLVENCY LAW
dc.subjectINSOLVENCY MECHANISM
dc.subjectINSOLVENCY PRACTITIONERS
dc.subjectINSOLVENCY PROCEEDINGS
dc.subjectINSOLVENCY PROCESS
dc.subjectINSOLVENCY PROFESSIONALS
dc.subjectINSOLVENCY REFORM
dc.subjectINSOLVENCY REGIME
dc.subjectINSOLVENCY REGIMES
dc.subjectINSOLVENCY SYSTEM
dc.subjectINSOLVENCY SYSTEMS
dc.subjectINSOLVENT
dc.subjectINSOLVENT COMPANIES
dc.subjectINSOLVENT COMPANY
dc.subjectINSTITUTIONAL FRAMEWORKS
dc.subjectINTEREST RATES
dc.subjectINTERESTS OF CREDITORS
dc.subjectINTERNATIONAL TRADE
dc.subjectJUDGES
dc.subjectJUDGMENTS
dc.subjectJUDICIAL ADMINISTRATOR
dc.subjectJUDICIAL PROCEEDINGS
dc.subjectJUDICIARY
dc.subjectJURISDICTION
dc.subjectJURISDICTIONS
dc.subjectLARGE DEBTORS
dc.subjectLEGAL FRAMEWORK
dc.subjectLEGAL FRAMEWORK FOR BANKRUPTCY
dc.subjectLEGAL FRAMEWORKS
dc.subjectLEGAL SYSTEM
dc.subjectLEGISLATION
dc.subjectLEGITIMATE CLAIMS
dc.subjectLIMITED
dc.subjectLIMITED LIABILITY
dc.subjectLIQUIDATION
dc.subjectLIQUIDATION OF COMPANIES
dc.subjectLIQUIDATION PROCEEDINGS
dc.subjectLIQUIDATOR
dc.subjectLIQUIDITY
dc.subjectLOANS FROM BANKS
dc.subjectMACROECONOMIC CRISES
dc.subjectMAJORITY OF CREDITORS
dc.subjectMANAGERS
dc.subjectMARKET VALUE
dc.subjectMATURE MARKETS
dc.subjectMODERN REORGANIZATION PROCEEDINGS
dc.subjectMORAL HAZARD
dc.subjectNEGOTIATION
dc.subjectNET LOSS
dc.subjectNET LOSSES
dc.subjectNEW BANKRUPTCY
dc.subjectNEW BANKRUPTCY LAW
dc.subjectNON-PERFORMING LOANS
dc.subjectNONPERFORMING LOANS
dc.subjectNOTICE OF INSOLVENCY
dc.subjectNPL
dc.subjectORDERLY LIQUIDATION
dc.subjectPAYMENT TO CREDITORS
dc.subjectPENDING LITIGATION
dc.subjectPERSONAL GUARANTEES
dc.subjectPLAN OF REORGANIZATION
dc.subjectPOSSESSION
dc.subjectPRESENT VALUE
dc.subjectPRIVATE BANKS
dc.subjectPROCUREMENT
dc.subjectPRODUCTIVITY
dc.subjectPROTECTION OF CREDITOR
dc.subjectPROTECTION OF EMPLOYEE
dc.subjectPUBLIC FUNDS
dc.subjectRECOVERY OF LOANS
dc.subjectREHABILITATION PLAN
dc.subjectREORGANIZATION
dc.subjectREORGANIZATION PLAN
dc.subjectREORGANIZATION PROCESS
dc.subjectREORGANIZATION PROCESSES
dc.subjectREORGANIZATIONS
dc.subjectREPAYMENT
dc.subjectRESOLUTION OF INSOLVENCY
dc.subjectRESTRUCTURING PLAN
dc.subjectRESTRUCTURING PROCESS
dc.subjectRIGHTS OF CREDITORS
dc.subjectRISK TAKING
dc.subjectSALE OF ASSETS
dc.subjectSALES REVENUE
dc.subjectSECONDARY MARKET
dc.subjectSECURITIES
dc.subjectSHAREHOLDERS
dc.subjectSOCIAL WELFARE
dc.subjectSOCIETY
dc.subjectSTAKEHOLDERS
dc.subjectSTATE ASSET
dc.subjectSTATE BANK
dc.subjectSTATE BANK OF PAKISTAN
dc.subjectTECHNICAL ASSISTANCE
dc.subjectTRANSPARENCY
dc.subjectTRUST CORPORATION
dc.subjectTURNOVER
dc.subjectUNSECURED DEBT
dc.subjectUNSECURED LOANS
dc.subjectVALUATION
dc.subjectVALUATIONS
dc.subjectVOLUNTARY LIQUIDATION
dc.subjectWEALTH EFFECTS
dc.subjectWINDING UP
dc.subjectWINDING-UP
dc.titlePakistan - Strengthening the Insolvency Regime : Non-Lending Technical Assistance Final Reporten
dspace.entity.typePublication
okr.date.disclosure2012-05-01
okr.date.doiregistration2025-05-07T11:22:32.214414Z
okr.doctypeEconomic & Sector Work::Insolvency Assessment (ROSC)
okr.doctypeEconomic & Sector Work
okr.docurlhttp://documents.worldbank.org/curated/en/2011/06/16251104/pakistan-strengthening-insolvency-regime-non-lending-technical-assistance
okr.globalpracticeFinance and Markets
okr.globalpracticeGovernance
okr.guid362211468145473381
okr.identifier.externaldocumentum000356161_20120502000709
okr.identifier.internaldocumentum16251104
okr.identifier.report68469
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2012/05/02/000356161_20120502000709/Rendered/PDF/684690ESW0WHIT0he0Insolvency0Regime.pdfen
okr.region.administrativeSouth Asia
okr.region.countryPakistan
okr.sectorPublic Administration, Law, and Justice :: Law and justice
okr.sectorIndustry and trade :: General industry and trade sector
okr.topicLaw and Development::Corporate Law
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicBanks and Banking Reform
okr.topicFinance and Financial Sector Development::Access to Finance
okr.topicFinance and Financial Sector Development::Bankruptcy and Resolution of Financial Distress
okr.unitFinance & PSD Unit (SASFP)
okr.volume1 of 1
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