World Bank insolvency principles – how does Australia compare?


The World Bank has released its updated Principles for Effective Insolvency and Creditor/Debtor Regimes (the Principles), emphasising the needs of micro, small and medium enterprises (MSMEs) in the context of COVID-19. These are said to be a “distillation of international best practice on design aspects of [insolvency] systems”, based on accepted core features of insolvency […]