Effective insolvency and creditor rights systems are an important element of financial system stability. The Bank accordingly has been working with partner organizations to develop principles for insolvency and creditor rights systems. The principles for effective insolvency and creditor rights systems are a distillation of international best practice on design aspects of these systems, emphasizing contextual, integrated solutions and the policy choices...
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The World Bank principles for effective insolvency and creditor rights systems : Banco Mundial principios para sistemas efectivos de insolvencia y de derechos de los acreedores (Spanish). Washington, DC: World Bank. http://documents.worldbank.org/curated/en/621521468322781199