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| | | Title | ENHANCING ZIMBABWE’S REGIME FOR RESOLVING CORPORATE FINANCIAL DISTRESS: CURRENT CHALLENGES AND POSSIBLE SOLUTIONS | | Author | Fitzpatrick, Daniel ; Chigumira, Gibson; Dube, Cornelius ; Tausha, Isaac | | Subject | Financial Sector Development | | Date of Publication | 2013 | | Publisher | Zimbabwe Economic Policy Analysis and Research Unit (ZEPARU) | | Number of Pages | 53 pages | | Language | English | | Geographical Coverage | Zimbabwe | | Keywords | Financial Leglislation, Credit and Debt, Insolvency Resolution, Corporate Financial Management, Tax Management | | Abstract | Economic indicators point to greater financial challenges for Zimbabwean businesses over the coming months and perhaps years. These challenges will add to the number of companies that cannot pay their debts, or attract the financing necessary to maintain operations. One way of dealing with such conditions is through use of an insolvency resolution regime: formalized procedures that allow a debtor to adjust the ownership and creditor claims against it. Most countries, including Zimbabwe, have such regimes. They normally consist of specialized judicial procedures, specialized judges and court personnel, and private professionals, who serve as liquidators or administrators (in Zimbabwe referred to as judicial managers) of such companies. | | Copyright Holder | Zimbabwe Economic Policy Analysis and Research Unit (ZEPARU) | | Copyright URL | http://www.zeparu.co.zw/ | | Filesize | 713334 MB | | File Format | PDF | | [ View / download original document ] |
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