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Corporate and Business Registration Department (A Department of the Ministry of Finance and Economic Development)

Insolvency

 
The Insolvency Act which came into force on 1st  June 2009 regulates bankruptcies of the individuals and insolvencies of companies.
It is a piece of legislation which provides innovative tools to better manage companies during periods of distress.
The Insolvency Law sets out alternative measures to bankruptcy such as restructuring,work outs and voluntary administration.