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East Asia & Pacific (EAP)

BRUNEI

Bankruptcy & Insolvency Laws

Commercial & Other Laws

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

CAMBODIA

Bankruptcy & Insolvency Laws

Commercial & Other Laws

CHINA

Bankruptcy & Insolvency Laws

•  (For Trial Implementation)

Commercial & Other Laws

FIJI

Bankruptcy & Insolvency Laws

Commercial & Other Laws

INDONESIA

Bankruptcy & Insolvency Laws

•  (Bahasa)

Commercial & Other Laws

JAPAN

Bankruptcy & 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

Bankruptcy & 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

Bankruptcy & Insolvency Laws

Commercial & Other Laws

MALAYSIA

Bankruptcy & 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

Bankruptcy & Insolvency Laws

Commercial & Other Laws

MONGOLIA

Bankruptcy & Insolvency Laws

Commercial & Other Laws

MYANMAR

Commercial & Other Laws

PAPUA NEW GUINEA

Bankruptcy & Insolvency Laws

Commercial & Other Laws

PHILIPPINES

Bankruptcy & Insolvency Laws

•  (2013)

Commercial & Other Laws

SAMOA

Bankruptcy & Insolvency Laws

Commercial & Other Laws

SOLOMON ISLANDS

Bankruptcy & Insolvency Laws

Commercial & Other Laws

SINGAPORE

Bankruptcy & Insolvency Laws

Commercial & Other Laws

TONGA

Bankruptcy & Insolvency Laws

Commercial & Other Laws

• Company Law Subsequent Amendments:  | | | 

TUVALU

Bankruptcy & Insolvency Laws

Commercial & Other Laws

VANUATU

Bankruptcy & Insolvency Laws

Commercial & Other Laws

VIETNAM

Bankruptcy & Insolvency Laws

Commercial & Other Laws

• Law on Enterprises 2014:   | 

South Asia

AFGHANISTAN

Bankruptcy & Insolvency Laws

Commercial & Other Laws

BANGLADESH

Bankruptcy & Insolvency Laws

• (Bengali)

Commercial and Other Laws

BHUTAN

Bankruptcy & Insolvency Laws

Commercial & Other Laws

NEPAL 

Bankruptcy & 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

Bankruptcy & Insolvency Laws

Commercial and Other Laws

•  
•  
• (amended in 2002)

PAKISTAN

Bankruptcy & Insolvency Laws

Commercial & Other Laws

SRI LANKA

Commercial & Other Laws

• |
• |
• |
• |

Eastern Europe and Central Asia (ECA)

ALBANIA

Bankruptcy & Insolvency Laws

Commercial & Other Laws

ARMENIA

Bankruptcy & 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

Bankruptcy & Insolvency Laws

Commercial & Other Laws

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

BELARUS

BOSNIA AND HERZEGOVINA

Bankruptcy & Insolvency Laws

Commercial & Other Laws

• (O.G. of FBiH No. 53/03) (Bosnian)

BULGARIA

Bankruptcy & Insolvency Laws

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

Commercial & Other Laws

CROATIA

Bankruptcy & Insolvency Laws

• (Ste?ajni zakon)

Commercial & Other Laws

CZECH REPUBLIC

Bankruptcy & Insolvency Laws

• (Insolvency Act)

Commercial & Other Laws

GEORGIA

Bankruptcy & Insolvency Laws

Commercial & Other Laws

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

HUNGARY

Bankruptcy & Insolvency Laws

• (Russian) 
• (Hungarian)   

Commercial & Other Laws

KAZAKHSTAN

Bankruptcy & Insolvency Laws

Commercial & Other Laws

KYRGYZ REPUBLIC

Bankruptcy & Insolvency Laws

• (Insolvency) 

Commercial & Other Laws

LITHUANIA

Bankruptcy & Insolvency Laws

Commercial & Other Laws

MACEDONIA

Bankruptcy & Insolvency Laws

Commercial & Other Laws

MOLDOVA

Bankruptcy & Insolvency Laws

Commercial & Other Laws

MONTENEGRO

Bankruptcy & Insolvency Laws

Commercial & Other Laws

• [.doc]  

POLAND

Bankruptcy & Insolvency Laws

Commercial & Other Laws

ROMANIA

Bankruptcy & Insolvency Laws

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

Commercial & Other Laws

RUSSIAN FEDERATION

Bankruptcy & Insolvency Laws

• (Bankruptcy 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

Bankruptcy & Insolvency Laws

Commercial & Other Laws

SLOVAK REPUBLIC

Bankruptcy & Insolvency Laws

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

SLOVENIA

Bankruptcy & Insolvency Laws

Commercial & Other Laws

TAJIKISTAN

Bankruptcy & Insolvency Laws

Commercial & Other Laws

• Civil Code 2010: | |

TURKEY

Bankruptcy & Insolvency Laws

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

Commercial & Other Laws

TURKMENISTAN

Bankruptcy & Insolvency Laws

UKRAINE

Bankruptcy & Insolvency Laws

Commercial & Other Laws

UZBEKISTAN

Bankruptcy & Insolvency Laws

Commercial & Other Laws

Latin American & Caribbean (LAC)

ANTIGUA AND BARBUDA

Bankruptcy & Insolvency Laws??

Commercial / Other Laws?

ARGENTINA

Bankruptcy & 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

Bankruptcy & Insolvency Laws?

Commercial / Other Laws

BOLIVIA

Bankruptcy & Insolvency Laws?

Commercial / Other Laws

BRAZIL

Bankruptcy & Insolvency Laws?

Commercial / Other Laws

CHILE

Bankruptcy & 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

Bankruptcy & Insolvency Laws?

Commercial / Other Laws

COSTA RICA

Bankruptcy & Insolvency Laws?

• See Commercial Code.

Commercial / Other Laws

CUBA

DOMINICA         

Bankruptcy & Insolvency Laws?

Commercial / Other Laws

DOMINICAN REPUBLIC

ECUADOR

EL SALVADOR  

GRENADA 

GUATEMALA

HAITI

HONDURAS       

JAMAICA            

Bankruptcy & Insolvency Laws?

Commercial / Other Laws

MEXICO              

Bankruptcy & Insolvency Laws?

Commercial / Other Laws

NICARAGUA

PANAMA 

PARAGUAY       

Bankruptcy & Insolvency Laws?

Commercial / Other Laws

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

PERU    

Bankruptcy & 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            

Bankruptcy & 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

Bankruptcy & 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

Bankruptcy & Insolvency Laws

Commercial & Other Laws?

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

BELGIUM            

Bankruptcy & 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 Bankruptcy Act, the Administration of Justice and the Court Fees)

FINLAND             

Bankruptcy & Insolvency Laws

•  (Liquidation and Bankruptcy)                   

Commercial & Other Laws?

FRANCE               

Bankruptcy & Insolvency Laws

Commercial & Other Laws?

GERMANY         

Bankruptcy & Insolvency Laws

Commercial & Other Laws?

•  (Amended 2015)
•  (English)

GREECE

ICELAND             

Bankruptcy & Insolvency Laws

• Act No 21/1991 on Bankruptcy:  | 

Commercial & Other Laws?

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

IRELAND             

Bankruptcy & 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 

Bankruptcy & Insolvency Laws

Commercial & Other Laws?

NETHERLANDS

NORWAY           

Bankruptcy & Insolvency Laws

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

Commercial & Other Laws?

•  (tvistem?lsloven)

PORTUGAL        

Bankruptcy & 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  

Bankruptcy & Insolvency Laws

Commercial & Other Laws?

SWEDEN             

Bankruptcy & Insolvency Laws

Commercial & Other Laws?

•  (2005:551)

SWITZERLAND

Bankruptcy & 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         

Bankruptcy & Insolvency Laws

Commercial & Other Laws?

North America

CANADA

Bankruptcy & Insolvency Laws

Commercial & Other Laws?

UNITED STATES

Bankruptcy & Insolvency Laws

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

Commercial & Other Laws?