UNCITRAL egislative Guide on Insolvency Law for Micro- and Small Enterprises

UNCITRAL Legislative Guide on Insolvency Law for Micro- and Small Enterprises

التنسيق *
The Legislative Guide is designed to take the unique characteristics of micro- and small enterprises (MSEs) into account and to respond to the specific needs and circumstances of their financial distress. In particular, MSEs often have intermingled business and personal debts and a centralized governance model in which ownership, control and management overlap. Unlike larger enterprises, MSEs are often unsophisticated in financial, business management, legal and insolvency matters. In addition, they may have strong concerns over stigmatization arising from insolvency, and this might affect their behaviour in the period approaching insolvency. They may also face more obstacles in resolving financial difficulties, particularly if their creditors are disengaged and disinterested to assist, which is often the case because MSE creditors consider that the costs of their efforts may outweigh the benefits.

Details:

Agency/Department
UN/Commission on International Trade Law
Print ISBN
9789211304480
PDF ISBN
9789210015271
PDF Publication Date
Page Count
224
Print Sales Number
22.V.18

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