There are numerous overlapping laws in India that deal with financial loss and insolvency of both organisations individuals. Under the current legal institutional framework, lenders unable to collect or restructure defaulted assets a timely effective manner, imposing an undue strain on Indian credit system. The framework intended combine time-bound scientific approach resolution goal maximising...

The European Union (EU) Preventive Restructuring Directive seeks to harmonise directors' duties with the goals of promoting early responses financial distress and rescuing viable enterprises. However, due persistent differences in substantive laws traditions EU Member States – most notably concerning recognition group interest company insolvency law, general imprecise wording its insufficient a...

It is clear from the case law of Croatian courts that intentional disadvantaging creditors (regulated in Article 202 Insolvency Act) most commonly used ground for contesting legal transactions an insolvent debtor. On this ground, all undertaken suspect period as long ten years before submission application opening (pre-)insolvency proceedings until insolvency can be contested. The authorized co...