Global Insolvency Standards

Global Insolvency Standards are international rules and principles that guide how countries handle companies or individuals unable to pay their debts. These standards aim to ensure fairness, transparency, and efficiency in insolvency procedures across different jurisdictions. By harmonizing practices, they help creditors, debtors, and stakeholders navigate insolvency processes smoothly, reducing confusion and promoting cross-border cooperation. Essentially, they provide a common framework to manage financial distress, protect key interests, and facilitate the orderly resolution of insolvent entities worldwide.