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Legal Courses

Virtual : Webinar on Corporate and Household Insolvency (CHI)


Session No.: JV 21.25V

Location: Vienna, Austria

Date: June 8-9, 2021 New dates

Primary Language: English

    Target Audience

    Participation is by invite only. Invitations will be targeted at senior policy makers and public officials in European countries responsible for the design or implementation of corporate and household insolvency legislation and related issues

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    Participants are expected to have five years of relevant work experience, good knowledge of the insolvency system, and preferably an advanced law degree. Attendance is by invitation only. Prerequisites are specified in the nomination request letters.

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    Course Description

    The Webinar will consist of two sessions, to be held on June 8 and June 9, which will cover current issues in corporate and household insolvency law. Each session will last for 2 hours.

    •  The first session will focus on the challenges posed by the pandemic and the economic crisis it has generated. It will be based on the special Covid-19 Note prepared by the Legal Department of the IMF, “Private Debt Resolution in the Wake of the Pandemic” (2020) and ongoing research. The webinar will examine the phases of the crisis in different countries and how insolvency and debt restructuring tools can decisively contribute to economic recovery. 
    • The second session will be dedicated to the implementation of the European Directive for Preventive Insolvency Procedures. The IMF Working paper “Restructuring and Insolvency in Europe: Policy Options in the Implementation of the EU Directive” will serve as a basis for the discussion. The webinar will analyze the various options available to policy makers in implementing the directive, and the relative trade-offs of such choices. Policy makers will be asked to share their respective country experience in implementing the Directive and the rationale behind their policy choices.

    The webinar will have an interactive format, and participants are expected to be active participants in sharing peers their experience with corporate and household insolvency law reform and implementation. Members of the IMF’s Legal Department will moderate the webinar discussions.

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    Course Objectives

    Upon completion of these webinars, participants should be able to:

    • Assess how policy objectives and technical solutions interact in corporate and household insolvency and the tradeoffs in various policy choices.
    • Identify trends for the future development of insolvency legislation and better respond to challenges.
    • Draw from peer experiences in understanding and implementing reforms in their own systems.
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