Insolvency sector assessment project [EBRD

The insolvency sector assessment project is part of the EBRD's efforts to improve the legal environment in its countries of operations. As an international institution with the mandate to assist the countries whose economies are in transition, the EBRD views the promotion of sound insolvency rules as essential to its work. Read more about the Bank and insolvency in Law in transition Spring 2000.

The project represents an important initiative of the EBRD to better understand legal developments in countries of operations by gauging the status of their insolvency related laws and regulations. Through this project, the EBRD aims to encourage, influence and provide guidance to governments, policy makers and all those in charge of promoting new legislation for the development of insolvency related legal reform in the region.

To analyse relevant information in each country, the EBRD devised a checklist of questions covering key insolvency issues. Using the checklist, specific country assessments were carried out with the assistance of consultants. The Government of Taipei China funded the 2003 assessment work. The assessment was subsequently updated to reflect all major amendments brought into force by June 30th 2006 for the following countries: Croatia, Hungary, Kazakhstan, Moldova, Slovak Republic and Tajikistan,and to provide new assessments for Mongolia and Montenegro.

Individual country assessments

Read more about this project, the 2003 assessment results, country rating and country-specific comments and observations in the report on the Results of the Assessment of Insolvency Laws of Countries in Transition (0.6Mb).