LEADER 02105cam a22003495i 4500001 99131234292106421 005 20220223192010.0 006 m d 007 cr cn||||||||| 008 020129s2022 dcu o i00 0 eng^^ 024 7 10.1596/36838 |2doi 035 (CKB)4920000001209026 035 (The World Bank)36838 035 (US-djbf)36838 035 (EXLCZ)994920000001209026 040 DJBF |beng |cDJBF |erda 110 2 World Bank Group. 245 12 A Toolkit for Corporate Workouts. 264 1 Washington, D.C. : |bThe World Bank, |c2022. 336 text |btxt |2rdacontent 337 computer |bc |2rdamedia 338 online resource |bcr |2rdacarrier 347 data file |2rda 490 1 Other Financial Accountability Study. 520 3 This Toolkit is aimed primarily at policy makers, financial institutions, and enterprises. It examines different types of corporate restructuring procedures on the basis that one size does not fit across all jurisdictions. Recent experience of the operation of corporate restructuring regimes around the world demonstrates that such regimes must appropriately account for domestic considerations, including a jurisdiction's institutional and regulatory framework. This Toolkit, a revised and updated version of the 2016 publication, incorporates wide-ranging updates that reflects this experience. It describes matters relevant to the adoption of workout frameworks for a broad range of types of corporate restructuring procedures, some of which provide for a role for courts or regulatory authorities. This widened perspective highlights considerations of particular relevance in the context of the COVID-19 pandemic, a crisis that makes restructuring viable businesses especially important. 650 4 Bankruptcy and Resolution of Financial Distress 650 4 Finance and Financial Sector Development 650 4 Insolvency 650 4 Microenterprises 650 4 Private Sector Development 650 4 Small and Medium Size Enterprises 830 0 Other Financial Accountability Study. 830 0 World Bank e-Library. 906 BOOK