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Corporate and Business Registration Department

A Department of the Ministry of Finance, Economic Planning and Development

Insolvency

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Insolvency​



The Insolvency Act which came into force on 1​st  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.

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