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New EBRD Insolvency Assessment on Business Reorganisation - Deadline Extended
The European Bank for Reconstruction and Development (EBRD) Assessment has launched on 1st September 2020 an Insolvency Assessment on Business Reorganisation.

The Assessment aims to provide detailed guidance on legislative gaps to address an expected increase in businesses needing to use formal restructuring procedures following the coronavirus pandemic.
 
Structured as a questionnaire, the assessment will provide an up-to-date map of restructuring frameworks across the EBRD regions in Europe, Asia and Africa. It aims to provide an overview of the options within pre-insolvency and insolvency frameworks across the economies where the EBRD engages, but, for benchmarking purposes, the consultation is also open to countries where the EBRD does not at present invest.
 
The results of the assessment as well as a report summarising its findings will be made publicly available online and will also be published in due course on the INSOL Europe website.

The survey is available in English, French and Russian and will be open for public consultation until 31 October 2020. The press release is accessible here.

We encourage all INSOL Europe members to participate to the EBRD Assessment given the fact that the EBRD has decided to extend the scope of the questionnaire also to EU non-EBRD countries.

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