Insolvency and Bankruptcy
Governance, Risk Management and Compliance (GRC) Book 6
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Insolvency regimes are integral to all modern societies. They form the basis for an orderly dissolution or reorganization of various forms of businesses, and facilitate efficient allocation of capital locked in a failed business in a manner that balances the competing interests of the parties involved. Insolvency schemes need to be seen and accepted as necessary for ensuring that resources are taken away from bad managers and re-directed to more serious ones.
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