LEADER 02148cam a22004335i 4500001    99131234377306421
005    20170614181211.0
006    m     o  d
007    cr cn|||||||||
008    020129s2017    dcu     o    i00  0 eng^^
024 7  10.1596/26709 |2doi
035    (CKB)4920000001213820
035    (The World Bank)26709
035    (US-djbf)26709
035    (EXLCZ)994920000001213820
040    DJBF |beng |cDJBF |erda
110 2  World Bank Group.
245 10 Report on the Treatment of MSME Insolvency
264  1 Washington, D.C. : |bThe World Bank, |c2017.
336    text |btxt |2rdacontent
337    computer |bc |2rdamedia
338    online resource |bcr |2rdacarrier
347    data file |2rda
490 1  Other papers
520 3  Micro, small, and medium enterprises (MSMEs) are among the largest commercial users of insolvency systems. MSMEs are a significant part of the global economy - and just as there are large numbers of MSMEs, there are large numbers of MSME insolvencies. However, there are a very few specialized legal regimes for MSME insolvency; most jurisdictions treat MSME insolvencies the same as for other corporate entities, or conversely, natural persons, despite MSMEs' unique attributes. This report considers the specific challenges of insolvent MSMEs (including the difficulties of defining MSMEs and distinguishing them from large corporate entities); reviews and analyzes how legislation in different jurisdictions deals with the challenges of MSME insolvency; and considers if existing international standards are sufficient to address MSME insolvency.
650  4 Access to Finance
650  4 Bankruptcy
650  4 Finance and Development
650  4 Finance and Financial Sector Development
650  4 Financial Law
650  4 Financial Regulation & Supervision
650  4 Insolvency
650  4 Law and Development
650  4 Law Finance and Growth
650  4 Microenterprises
650  4 Private Sector Development
650  4 Small and Medium Size Enterprises
830  0 Other papers
830  0 World Bank e-Library.
906    BOOK