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

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collection.link.155
https://openknowledge.worldbank.org/handle/10986/7801
collection.name.155
Insolvency Assessment
dc.contributor.author
World Bank
dc.date.accessioned
2013-02-15T19:38:56Z
dc.date.available
2013-02-15T19:38:56Z
dc.date.issued
2011-06
dc.date.lastModified
2021-04-23T14:03:00Z
dc.description.abstract
The 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.identifier
http://documents.worldbank.org/curated/en/2011/06/16251104/pakistan-strengthening-insolvency-regime-non-lending-technical-assistance
dc.identifier.uri
http://hdl.handle.net/10986/12374
dc.language
English
dc.language.iso
en_US
dc.publisher
Washington, DC
dc.rights
CC BY 3.0 IGO
dc.rights.holder
World Bank
dc.rights.uri
http://creativecommons.org/licenses/by/3.0/igo/
dc.subject
ACCESS TO CREDIT
dc.subject
ACCESS TO FINANCE
dc.subject
ACCOUNTABILITY
dc.subject
ADMINISTRATIVE ACTION
dc.subject
ADMINISTRATIVE COSTS
dc.subject
AFFECTED CREDITORS
dc.subject
ARBITRATION
dc.subject
ASSET MANAGEMENT
dc.subject
ASSET MANAGEMENT COMPANY
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ASSET MARKETS
dc.subject
ASSET VALUE
dc.subject
ASSETS
dc.subject
AUTOMATIC STAY
dc.subject
BALANCE OF PAYMENTS
dc.subject
BALANCE OF PAYMENTS CRISES
dc.subject
BALANCE SHEET
dc.subject
BALANCE SHEETS
dc.subject
BANK LOAN
dc.subject
BANKING LAWS
dc.subject
BANKING SYSTEM
dc.subject
BANKRUPTCY
dc.subject
BANKRUPTCY CODE
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BANKRUPTCY CODES
dc.subject
BANKRUPTCY FILINGS
dc.subject
BANKRUPTCY PROCEEDING
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BANKRUPTCY PROCEEDINGS
dc.subject
BANKRUPTCY REFORM
dc.subject
BID
dc.subject
BUSINESS ADVICE
dc.subject
BUSINESS ENTERPRISES
dc.subject
BUSINESS INSOLVENCY
dc.subject
CAPACITY BUILDING
dc.subject
CHECKS
dc.subject
CLAIM
dc.subject
CLASSES OF CLAIMANT
dc.subject
COLLATERAL
dc.subject
COMMODITY PRICES
dc.subject
COMPANIES LAW
dc.subject
COMPANY LAW
dc.subject
CONSOLIDATION
dc.subject
CORPORATE BORROWERS
dc.subject
CORPORATE DEBTORS
dc.subject
CORPORATE DISTRESS
dc.subject
CORPORATE ENTITIES
dc.subject
CORPORATE INSOLVENCY
dc.subject
CORPORATE LAW
dc.subject
CORPORATE LAW REFORM
dc.subject
CORPORATE LAWS
dc.subject
CORPORATE REORGANIZATION
dc.subject
CORPORATIONS
dc.subject
COURT APPROVAL
dc.subject
COURT ORDER
dc.subject
CREDIT COSTS
dc.subject
CREDIT RISK
dc.subject
CREDITOR
dc.subject
CREDITOR CLAIMS
dc.subject
CREDITOR CLASSES
dc.subject
CREDITOR CONSENT
dc.subject
CREDITOR PROTECTION
dc.subject
CREDITOR RIGHTS
dc.subject
CREDITOR RIGHTS REGIME
dc.subject
CREDITORS
dc.subject
CREDITS
dc.subject
CRIMINAL ACT
dc.subject
DEBT
dc.subject
DEBT FORGIVENESS
dc.subject
DEBTOR
dc.subject
DEBTOR COMPANY
dc.subject
DEBTORS
dc.subject
DEBTS
dc.subject
DECISION-MAKING POWERS
dc.subject
DEPENDENT
dc.subject
DISSOLUTION
dc.subject
DISTRESSED ASSET
dc.subject
DISTRESSED ASSETS
dc.subject
DISTRESSED COMPANIES
dc.subject
DISTRESSED COMPANY
dc.subject
DISTRESSED DEBT
dc.subject
DISTRESSED ENTERPRISES
dc.subject
DUE DILIGENCE
dc.subject
EFFECTIVE INSOLVENCY
dc.subject
EFFECTIVE INSOLVENCY SYSTEMS
dc.subject
EMERGING ECONOMIES
dc.subject
EMPLOYEE CLAIMS
dc.subject
EMPLOYMENT
dc.subject
EMPLOYMENT CONTRACTS
dc.subject
ENFORCEABILITY
dc.subject
ENTREPRENEURS
dc.subject
EQUITY STAKE
dc.subject
EXCHANGE COMMISSION
dc.subject
EXISTING CREDITORS
dc.subject
EXISTING LIABILITIES
dc.subject
EXIT MECHANISM
dc.subject
EXTERNAL SHOCKS
dc.subject
FEDERAL BUDGET
dc.subject
FINANCES
dc.subject
FINANCIAL DISCIPLINE
dc.subject
FINANCIAL DISTRESS
dc.subject
FINANCIAL INSTITUTIONS
dc.subject
FINANCIAL POSITION
dc.subject
FINANCIAL RESTRUCTURING
dc.subject
FINANCIAL STABILITY
dc.subject
FISCAL DISCIPLINE
dc.subject
FORCED SALE
dc.subject
FOREIGN COMPANIES
dc.subject
FREE MARKET
dc.subject
GOING CONCERN
dc.subject
GOING CONCERNS
dc.subject
GOVERNMENT OBLIGATIONS
dc.subject
GUARANTORS
dc.subject
IMPAIRED ASSETS
dc.subject
INCORPORATION
dc.subject
INFLATION
dc.subject
INSOLVENCY
dc.subject
INSOLVENCY LAW
dc.subject
INSOLVENCY MECHANISM
dc.subject
INSOLVENCY PRACTITIONERS
dc.subject
INSOLVENCY PROCEEDINGS
dc.subject
INSOLVENCY PROCESS
dc.subject
INSOLVENCY PROFESSIONALS
dc.subject
INSOLVENCY REFORM
dc.subject
INSOLVENCY REGIME
dc.subject
INSOLVENCY REGIMES
dc.subject
INSOLVENCY SYSTEM
dc.subject
INSOLVENCY SYSTEMS
dc.subject
INSOLVENT
dc.subject
INSOLVENT COMPANIES
dc.subject
INSOLVENT COMPANY
dc.subject
INSTITUTIONAL FRAMEWORKS
dc.subject
INTEREST RATES
dc.subject
INTERESTS OF CREDITORS
dc.subject
INTERNATIONAL TRADE
dc.subject
JUDGES
dc.subject
JUDGMENTS
dc.subject
JUDICIAL ADMINISTRATOR
dc.subject
JUDICIAL PROCEEDINGS
dc.subject
JUDICIARY
dc.subject
JURISDICTION
dc.subject
JURISDICTIONS
dc.subject
LARGE DEBTORS
dc.subject
LEGAL FRAMEWORK
dc.subject
LEGAL FRAMEWORK FOR BANKRUPTCY
dc.subject
LEGAL FRAMEWORKS
dc.subject
LEGAL SYSTEM
dc.subject
LEGISLATION
dc.subject
LEGITIMATE CLAIMS
dc.subject
LIMITED
dc.subject
LIMITED LIABILITY
dc.subject
LIQUIDATION
dc.subject
LIQUIDATION OF COMPANIES
dc.subject
LIQUIDATION PROCEEDINGS
dc.subject
LIQUIDATOR
dc.subject
LIQUIDITY
dc.subject
LOANS FROM BANKS
dc.subject
MACROECONOMIC CRISES
dc.subject
MAJORITY OF CREDITORS
dc.subject
MANAGERS
dc.subject
MARKET VALUE
dc.subject
MATURE MARKETS
dc.subject
MODERN REORGANIZATION PROCEEDINGS
dc.subject
MORAL HAZARD
dc.subject
NEGOTIATION
dc.subject
NET LOSS
dc.subject
NET LOSSES
dc.subject
NEW BANKRUPTCY
dc.subject
NEW BANKRUPTCY LAW
dc.subject
NON-PERFORMING LOANS
dc.subject
NONPERFORMING LOANS
dc.subject
NOTICE OF INSOLVENCY
dc.subject
NPL
dc.subject
ORDERLY LIQUIDATION
dc.subject
PAYMENT TO CREDITORS
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PENDING LITIGATION
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PERSONAL GUARANTEES
dc.subject
PLAN OF REORGANIZATION
dc.subject
POSSESSION
dc.subject
PRESENT VALUE
dc.subject
PRIVATE BANKS
dc.subject
PROCUREMENT
dc.subject
PRODUCTIVITY
dc.subject
PROTECTION OF CREDITOR
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PROTECTION OF EMPLOYEE
dc.subject
PUBLIC FUNDS
dc.subject
RECOVERY OF LOANS
dc.subject
REHABILITATION PLAN
dc.subject
REORGANIZATION
dc.subject
REORGANIZATION PLAN
dc.subject
REORGANIZATION PROCESS
dc.subject
REORGANIZATION PROCESSES
dc.subject
REORGANIZATIONS
dc.subject
REPAYMENT
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RESOLUTION OF INSOLVENCY
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RESTRUCTURING PLAN
dc.subject
RESTRUCTURING PROCESS
dc.subject
RIGHTS OF CREDITORS
dc.subject
RISK TAKING
dc.subject
SALE OF ASSETS
dc.subject
SALES REVENUE
dc.subject
SECONDARY MARKET
dc.subject
SECURITIES
dc.subject
SHAREHOLDERS
dc.subject
SOCIAL WELFARE
dc.subject
SOCIETY
dc.subject
STAKEHOLDERS
dc.subject
STATE ASSET
dc.subject
STATE BANK
dc.subject
STATE BANK OF PAKISTAN
dc.subject
TECHNICAL ASSISTANCE
dc.subject
TRANSPARENCY
dc.subject
TRUST CORPORATION
dc.subject
TURNOVER
dc.subject
UNSECURED DEBT
dc.subject
UNSECURED LOANS
dc.subject
VALUATION
dc.subject
VALUATIONS
dc.subject
VOLUNTARY LIQUIDATION
dc.subject
WEALTH EFFECTS
dc.subject
WINDING UP
dc.subject
WINDING-UP
dc.title
Pakistan - Strengthening the Insolvency Regime : Non-Lending Technical Assistance Final Report
en
okr.date.disclosure
2012-05-01
okr.doctype
Economic & Sector Work :: Insolvency Assessment (ROSC)
okr.doctype
Economic & Sector Work
okr.docurl
http://documents.worldbank.org/curated/en/2011/06/16251104/pakistan-strengthening-insolvency-regime-non-lending-technical-assistance
okr.globalpractice
Finance and Markets
okr.globalpractice
Governance
okr.googlescholar.linkpresent
yes
okr.identifier.externaldocumentum
000356161_20120502000709
okr.identifier.internaldocumentum
16251104
okr.identifier.report
68469
okr.language.supported
en
okr.pdfurl
http://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2012/05/02/000356161_20120502000709/Rendered/PDF/684690ESW0WHIT0he0Insolvency0Regime.pdf
en
okr.region.administrative
South Asia
okr.region.country
Pakistan
okr.sector
Public Administration, Law, and Justice :: Law and justice
okr.sector
Industry and trade :: General industry and trade sector
okr.topic
Law and Development :: Corporate Law
okr.topic
Finance and Financial Sector Development :: Debt Markets
okr.topic
Banks and Banking Reform
okr.topic
Finance and Financial Sector Development :: Access to Finance
okr.topic
Finance and Financial Sector Development :: Bankruptcy and Resolution of Financial Distress
okr.unit
Finance & PSD Unit (SASFP)
okr.volume
1 of 1

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