Exploring global insolvency frameworks

Business insolvency risks have a significant impact on global trade. When they materialise, they generate cascading effects on solvency and liquidity that disrupt supply chains, reduce confidence when establishing new business relationships, and limit access to trade credit. In legal terms, a declaration of insolvency will lead to a process of restructuring the debtor's debts or liquidating its assets to satisfy creditors in an orderly manner. However, each market has its own peculiarities in this process.

Key differences in insolvency proceedings across markets

To explore these differences in greater depth, Atradius' Special Risk Management and Underwriting experts around the world have updated their Insolvency Framework whitepaper, focusing now on 39 of the world's major markets. The study provides a comprehensive overview of insolvency proceedings and recovery expectations in Australia, Austria, Belgium, Brazil, Bulgaria, Canada, China, Croatia, the Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, India, Indonesia, Italy, Ireland, Latvia, Lithuania, Mexico, New Zealand, Norway, Poland, Portugal, Romania, Singapore, Slovakia, Slovenia, South Africa, Spain, Sweden, Switzerland, the Netherlands, Turkey, the United Kingdom, and the United States.

Insolvency legal frameworks not only vary depending on the location of your customers, but can also change rapidly. This whitepaper addresses a wide range of insolvency-related topics, such as the duration of proceedings, recovery expectations, identification of key players, and Atradius' support to its insureds during insolvency proceedings. A comprehensive guide to insolvency frameworks around the world, sharing Atradius expertise to help you navigate legal complexities.