Implementing an efficient insolvency framework for micro and small firms

• Main Author: Aurelio GURREA-MARTINEZ
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2021
• Subjects: Corporate insolvency; corporate workouts; small and medium enterprises; Business Organizations Law; Commercial Law
• Online Access: https://ink.library.smu.edu.sg/sol_research/3703; https://ink.library.smu.edu.sg/context/sol_research/article/5661/viewcontent/Efficient_Insolvency_Framework_2021_02_04_av.pdf
• Institution: Singapore Management University

Micro, small and medium-sized enterprises (MSMEs) represent about 90% of businesses and more than 50% of employment worldwide. Despite the economic relevance of MSMEs in most countries around the world, and even more in emerging markets, most insolvency jurisdictions do not address adequately the in...