European Bank for Reconstruction and Development (EBRD) has completed a new comprehensive and innovative EBRD Business Reorganisation Assessment on insolvency systems.
The focus was on efficiency, effectiveness and flexibility of business reorganisation within insolvency across 38 emerging economies where the EBRD and others invest.
How supportive are these economies’ insolvency frameworks? How far do they help businesses to survive challenging economic conditions and overcome temporary financial difficulties? To what extent do they provide confidence to international investors?
Law Office TARK partner Allar Aru advised the European Bank for Reconstruction and Development (EBRD) and assisted in preparing an overview of the restructuring and bankruptcy proceedings in regard to Estonia.
