¶¹ÄÌÊÓƵAPP

East Asia & Pacific (EAP)

BRUNEI

¶¹ÄÌÊÓƵAPPruptcy & Insolvency Laws

Commercial & Other Laws

•   [*Amended by  |  |  |  |  |  |  |  |  |  ]

CAMBODIA

¶¹ÄÌÊÓƵAPPruptcy & Insolvency Laws

Commercial & Other Laws

CHINA

¶¹ÄÌÊÓƵAPPruptcy & Insolvency Laws

•  (For Trial Implementation)

Commercial & Other Laws

FIJI

¶¹ÄÌÊÓƵAPPruptcy & Insolvency Laws

Commercial & Other Laws

INDONESIA

¶¹ÄÌÊÓƵAPPruptcy & Insolvency Laws

•  (Bahasa)

Commercial & Other Laws

JAPAN

¶¹ÄÌÊÓƵAPPruptcy & Insolvency Laws

•   (Hasan ho. Law 75 of 2 June 2004 bankruptcy organization, procedures, claims, distribution, etc., as amended by Law 109 of 2006) (English)
•  (English)  
•  ¨C Amended 2014

Commercial & Other Laws

KIRIBATI

Commercial & Other Laws

SOUTH KOREA

¶¹ÄÌÊÓƵAPPruptcy & Insolvency Laws

•  (Enacted by the Law No. 17878 of 2009)
•  (Enacted by the Act No. 8,572 of 2007)  

Commercial & Other Laws

•  (In force June 11, 2012)
•  (Lastly amended by the Act 10,580 of 2011)

LAOS

¶¹ÄÌÊÓƵAPPruptcy & Insolvency Laws

Commercial & Other Laws

MALAYSIA

¶¹ÄÌÊÓƵAPPruptcy & Insolvency Laws

Commercial & Other Laws

•  - (winding up)

MARSHALL ISLANDS

Commercial & Other Laws

•  [52 MIRC Part 1]
•  [20 MIRC Ch 3]
•  [20 MIRC Ch 4]

MICRONESIA

¶¹ÄÌÊÓƵAPPruptcy & Insolvency Laws

Commercial & Other Laws

MONGOLIA

¶¹ÄÌÊÓƵAPPruptcy & Insolvency Laws

Commercial & Other Laws

MYANMAR

Commercial & Other Laws

PAPUA NEW GUINEA

¶¹ÄÌÊÓƵAPPruptcy & Insolvency Laws

Commercial & Other Laws

PHILIPPINES

¶¹ÄÌÊÓƵAPPruptcy & Insolvency Laws

•  (2013)

Commercial & Other Laws

SAMOA

¶¹ÄÌÊÓƵAPPruptcy & Insolvency Laws

Commercial & Other Laws

SOLOMON ISLANDS

¶¹ÄÌÊÓƵAPPruptcy & Insolvency Laws

Commercial & Other Laws

SINGAPORE

¶¹ÄÌÊÓƵAPPruptcy & Insolvency Laws

Commercial & Other Laws

TONGA

¶¹ÄÌÊÓƵAPPruptcy & Insolvency Laws

Commercial & Other Laws

• Company Law Subsequent Amendments:  | | | 

TUVALU

¶¹ÄÌÊÓƵAPPruptcy & Insolvency Laws

Commercial & Other Laws

VANUATU

¶¹ÄÌÊÓƵAPPruptcy & Insolvency Laws

Commercial & Other Laws

VIETNAM

¶¹ÄÌÊÓƵAPPruptcy & Insolvency Laws

Commercial & Other Laws

• Law on Enterprises 2014:   | 

South Asia

AFGHANISTAN

¶¹ÄÌÊÓƵAPPruptcy & Insolvency Laws

Commercial & Other Laws

BANGLADESH

¶¹ÄÌÊÓƵAPPruptcy & Insolvency Laws

• (Bengali)

Commercial and Other Laws

BHUTAN

¶¹ÄÌÊÓƵAPPruptcy & Insolvency Laws

Commercial & Other Laws

NEPAL 

¶¹ÄÌÊÓƵAPPruptcy & Insolvency Laws

Commercial & Other Laws

•  
•  
• (also called Muluki Ain) 
• (also called Muluki Ain - Chapter 21 ¡°Registration¡± Country Code of 1963 (also called Muluki Ain) 

INDIA

¶¹ÄÌÊÓƵAPPruptcy & Insolvency Laws

Commercial and Other Laws

•  
•  
• (amended in 2002)

PAKISTAN

¶¹ÄÌÊÓƵAPPruptcy & Insolvency Laws

Commercial & Other Laws

SRI LANKA

Commercial & Other Laws

• |
• |
• |
• |

Eastern Europe and Central Asia (ECA)

ALBANIA

¶¹ÄÌÊÓƵAPPruptcy & Insolvency Laws

Commercial & Other Laws

ARMENIA

¶¹ÄÌÊÓƵAPPruptcy & Insolvency Laws

• 
  
• (passed on 06.11.2001, in power since 15.12.2001)

Commercial & Other Laws

• (as last amended in 2010)
• (Adopted on June 17, 1998)

AZERBAIJAN

¶¹ÄÌÊÓƵAPPruptcy & Insolvency Laws

Commercial & Other Laws

• (adopted on 3 July, 1998; entered into force on 19 August 1998)

BELARUS

BOSNIA AND HERZEGOVINA

¶¹ÄÌÊÓƵAPPruptcy & Insolvency Laws

Commercial & Other Laws

• (O.G. of FBiH No. 53/03) (Bosnian)

BULGARIA

¶¹ÄÌÊÓƵAPPruptcy & Insolvency Laws

• (insolvency provision on Chapter 38 to 52 Section 607 to 760)

Commercial & Other Laws

CROATIA

¶¹ÄÌÊÓƵAPPruptcy & Insolvency Laws

• (Ste?ajni zakon)

Commercial & Other Laws

CZECH REPUBLIC

¶¹ÄÌÊÓƵAPPruptcy & Insolvency Laws

• (Insolvency Act)

Commercial & Other Laws

GEORGIA

¶¹ÄÌÊÓƵAPPruptcy & Insolvency Laws

Commercial & Other Laws

• (Enacted in June 26, 1997, Date of entry into force November 25 1997 with subsequent amendments)

HUNGARY

¶¹ÄÌÊÓƵAPPruptcy & Insolvency Laws

• (Russian) 
• (Hungarian)   

Commercial & Other Laws

KAZAKHSTAN

¶¹ÄÌÊÓƵAPPruptcy & Insolvency Laws

Commercial & Other Laws

KYRGYZ REPUBLIC

¶¹ÄÌÊÓƵAPPruptcy & Insolvency Laws

• (Insolvency) 

Commercial & Other Laws

LITHUANIA

¶¹ÄÌÊÓƵAPPruptcy & Insolvency Laws

Commercial & Other Laws

MACEDONIA

¶¹ÄÌÊÓƵAPPruptcy & Insolvency Laws

Commercial & Other Laws

MOLDOVA

¶¹ÄÌÊÓƵAPPruptcy & Insolvency Laws

Commercial & Other Laws

MONTENEGRO

¶¹ÄÌÊÓƵAPPruptcy & Insolvency Laws

Commercial & Other Laws

• [.doc]  

POLAND

¶¹ÄÌÊÓƵAPPruptcy & Insolvency Laws

Commercial & Other Laws

ROMANIA

¶¹ÄÌÊÓƵAPPruptcy & Insolvency Laws

• (Legea 85/2014 privind procedura insolventei, consolidata)

Commercial & Other Laws

RUSSIAN FEDERATION

¶¹ÄÌÊÓƵAPPruptcy & Insolvency Laws

• (¶¹ÄÌÊÓƵAPPruptcy Law or Insolvency Law)
• "On the Settlement of the features of insolvency (bankruptcy) in the Republic of Crimea and Sevastopol city of federal significance and on amendments to certain legislative acts of the Russian Federation"

Commercial & Other Laws

• (insolvency provision)

SERBIA

¶¹ÄÌÊÓƵAPPruptcy & Insolvency Laws

Commercial & Other Laws

SLOVAK REPUBLIC

¶¹ÄÌÊÓƵAPPruptcy & Insolvency Laws

• (Law of 7 of 2005 Restructuring of Enterprises in Zbierka Z¨¢konov 2005 no. 5, item 7)

SLOVENIA

¶¹ÄÌÊÓƵAPPruptcy & Insolvency Laws

Commercial & Other Laws

TAJIKISTAN

¶¹ÄÌÊÓƵAPPruptcy & Insolvency Laws

Commercial & Other Laws

• Civil Code 2010: | |

TURKEY

¶¹ÄÌÊÓƵAPPruptcy & Insolvency Laws

•  (Published in the Official Gazette dated June 30, 2003 and numbered 25184)  

Commercial & Other Laws

TURKMENISTAN

¶¹ÄÌÊÓƵAPPruptcy & Insolvency Laws

UKRAINE

¶¹ÄÌÊÓƵAPPruptcy & Insolvency Laws

Commercial & Other Laws

UZBEKISTAN

¶¹ÄÌÊÓƵAPPruptcy & Insolvency Laws

Commercial & Other Laws

Latin American & Caribbean (LAC)

ANTIGUA AND BARBUDA

¶¹ÄÌÊÓƵAPPruptcy & Insolvency Laws??

Commercial / Other Laws?

ARGENTINA

¶¹ÄÌÊÓƵAPPruptcy & Insolvency Laws?

• Decl¨¢rase la emergencia productiva y crediticia hasta el 10 de diciembre de 2003. Deudores en Concurso Preventivo. Modificaci¨®n de la Ley N? 24.522. Deuda del sector privado e hipotecario. Disposiciones complementarias

Commercial / Other Laws?

BELIZE

¶¹ÄÌÊÓƵAPPruptcy & Insolvency Laws?

Commercial / Other Laws

BOLIVIA

¶¹ÄÌÊÓƵAPPruptcy & Insolvency Laws?

Commercial / Other Laws

BRAZIL

¶¹ÄÌÊÓƵAPPruptcy & Insolvency Laws?

Commercial / Other Laws

CHILE

¶¹ÄÌÊÓƵAPPruptcy & Insolvency Laws?

Commercial / Other Laws

• sobre Sistemas de Compensaci¨®n y Liquidaci¨®n de Instrumentos Financieros, se public¨® en el Diario Oficial de 6 de junio de 2009

COLOMBIA

¶¹ÄÌÊÓƵAPPruptcy & Insolvency Laws?

Commercial / Other Laws

COSTA RICA

¶¹ÄÌÊÓƵAPPruptcy & Insolvency Laws?

• See Commercial Code.

Commercial / Other Laws

CUBA

DOMINICA         

¶¹ÄÌÊÓƵAPPruptcy & Insolvency Laws?

Commercial / Other Laws

DOMINICAN REPUBLIC

ECUADOR

EL SALVADOR  

GRENADA 

GUATEMALA

HAITI

HONDURAS       

JAMAICA            

¶¹ÄÌÊÓƵAPPruptcy & Insolvency Laws?

Commercial / Other Laws

MEXICO              

¶¹ÄÌÊÓƵAPPruptcy & Insolvency Laws?

Commercial / Other Laws

NICARAGUA

PANAMA 

PARAGUAY       

¶¹ÄÌÊÓƵAPPruptcy & Insolvency Laws?

Commercial / Other Laws

• General Law on ¶¹ÄÌÊÓƵAPPs, Financial Entities and other Credit Institutions (Ley General de Bancos, Financieras y otras Entidades de Cr¨¦dito) (Law No. 861/96)

PERU    

¶¹ÄÌÊÓƵAPPruptcy & Insolvency Laws?

Commercial / Other Laws

ST. KITTS AND NEVIS     

ST. LUCIA 

ST. VINCENT AND THE GRENADINES      

SURINAME

URUGUAY         

VENEZUELA       

Middle East and North Africa (MENA)

ALGERIA             

BAHRAIN            

¶¹ÄÌÊÓƵAPPruptcy & Insolvency Laws

Commercial & Other Laws?

DJIBOUTI            

EGYPT  

• [.zip]

IRAN     

?ISRAEL 

JORDAN

• (English)

KUWAIT              

• (As amended on October 19, 1960)

LEBANON                           

MOROCCO         

• (Dahir n¡ã1-96-83 of August 1, 1996 portant promulgation de la loi n¡ã 15-95 formant code de commerce)
• (Dahir of September 12, 1913 formant code des Obligations et des contrats as amended and supplemented lastly by Dahir of May 11, 1995)
• (Dahir of September 28, 1974 portant loi n¡ã1-74-447 approuvant le texte du code de proc¨¦dure civile)
• (Dahir fixant la l¨¦gislation applicable aux immeubles immatricul¨¦s of June 2, 1915)

OMAN 

 (Law No.4 of 1974, Amended)

QATAR

(Law No.5 of 2002)

(Amended 2010)

- Law No. 13 of 1990

SAUDI ARABIA

¶¹ÄÌÊÓƵAPPruptcy & Insolvency Laws

Commercial & Other Laws

• (promulgated by Royal Decree No. M/64 of 14 Rajab 1395, 23 July 1975)
  
  

SYRIA   

TUNISIA              

UAE

YEMEN

Western Europe

AUSTRIA

¶¹ÄÌÊÓƵAPPruptcy & Insolvency Laws

Commercial & Other Laws?

•  (Civil Code 35/2015)
•  (Unternehmensgesetzbuch)

BELGIUM            

¶¹ÄÌÊÓƵAPPruptcy & Insolvency Laws

•  (Original Act)
•  (Consolidated Amendments)

Commercial & Other Laws?

•  (Wet van 14 juli 1991 betreffende de handelspraktijken en de voorlichting en bescherming van de consument)

DENMARK          

•  (Law amending the ¶¹ÄÌÊÓƵAPPruptcy Act, the Administration of Justice and the Court Fees)

FINLAND             

¶¹ÄÌÊÓƵAPPruptcy & Insolvency Laws

•  (Liquidation and ¶¹ÄÌÊÓƵAPPruptcy)                   

Commercial & Other Laws?

FRANCE               

¶¹ÄÌÊÓƵAPPruptcy & Insolvency Laws

Commercial & Other Laws?

GERMANY         

¶¹ÄÌÊÓƵAPPruptcy & Insolvency Laws

Commercial & Other Laws?

•  (Amended 2015)
•  (English)

GREECE

ICELAND             

¶¹ÄÌÊÓƵAPPruptcy & Insolvency Laws

• Act No 21/1991 on ¶¹ÄÌÊÓƵAPPruptcy:  | 

Commercial & Other Laws?

•  (Icelandic)
• Act No. 138/1994 respecting Private Limited Companies:  | 

IRELAND             

¶¹ÄÌÊÓƵAPPruptcy & Insolvency Laws

•  (updated until 2015)

Commercial & Other Laws?

ITALY

•  - "Riformo organica della desciplina delle procedure concorsuali a norma dell'articolo 1, comma 5, della legge 14 maggio 2005, n. 80"
•  - Conversione in legge, con modificazioni, del decreto-legge 3 maggio 2004, n. 119, recante disposizioni correttive ed integrative della normativa sulle grandi imprese in stato di insolvenza   
•  Conversione in legge del decreto-legge 29 novembre 2004, n. 281, recante modifiche alla disciplina della ristrutturazione delle grandi imprese in stato di insolvenza  
•  Conversione in legge, con modificazioni, del decreto-legge 23 dicembre 2003, n. 347, recante misure urgenti per la ristrutturazione industriale di grandi imprese in stato di insolvenza
•  (Art. 278 et seq.)

LUXEMBOURG 

¶¹ÄÌÊÓƵAPPruptcy & Insolvency Laws

Commercial & Other Laws?

NETHERLANDS

NORWAY           

¶¹ÄÌÊÓƵAPPruptcy & Insolvency Laws

•  - Relating to the State Guarantee for Wage Claims in the Event of ¶¹ÄÌÊÓƵAPPrupcty, etc.

Commercial & Other Laws?

•  (tvistem?lsloven)

PORTUGAL        

¶¹ÄÌÊÓƵAPPruptcy & Insolvency Laws

•  (Conciliation Out-of-Court Procedure for the Viability of Insolvent)
•  (Establishing the Legal Framework for Insolvency Managers)
•  (Conciliation Proceedings) amended by Decree law no. 201/2004

Commercial & Other Laws?

SPAIN  

¶¹ÄÌÊÓƵAPPruptcy & Insolvency Laws

Commercial & Other Laws?

SWEDEN             

¶¹ÄÌÊÓƵAPPruptcy & Insolvency Laws

Commercial & Other Laws?

•  (2005:551)

SWITZERLAND

¶¹ÄÌÊÓƵAPPruptcy & Insolvency Laws

• : Des droits reels 2014 ()
• : Dei diritti reali  ()
• : Das Sachenrecht ()
•  (LP) ()
•  (LEF) ()
•  (SchKG) ()

Commercial & Other Laws?

•  ()
•  ¨C ()
•  ()
•  (Italian)
•  ()
•   - (French)
•   (Italian)
•  (OSCR)  ()
•  (VRKG) ()

UNITED KINGDOM         

¶¹ÄÌÊÓƵAPPruptcy & Insolvency Laws

Commercial & Other Laws?

North America

CANADA

¶¹ÄÌÊÓƵAPPruptcy & Insolvency Laws

Commercial & Other Laws?

UNITED STATES

¶¹ÄÌÊÓƵAPPruptcy & Insolvency Laws

•  (Chapter 7 - Liquidation and Chapter 11- Reorganization)

Commercial & Other Laws?