Introduction to Bankruptcy Law and Overview of Options for
This paper discusses the potential benefits of using improved bankruptcy procedures to resolve company indebtedness in Mozambique and how this might be accomplished over the next several years. Section I discusses the benefits of an efficient bankruptcy system by depicting how bankruptcy cases would progress after reforms are enacted. Section II discusses Mozambique’s legislative options in developing such a system, and Section III discusses the additional legal infrastructure that will be necessary to make the system work.
Annex a supplements Section I by outlining the particular benefits of an effective system. Annex B outlines the approaches used by other countries in addressing the issues discussed in Sections II and III.
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