ENHANCING ZIMBABWES REGIME FOR RESOLVING CORPORATE FINANCIAL DISTRESS: CURRENT CHALLENGES AND POSSIBLE SOLUTIONS
Research Papers
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- Size: 25MB
- Creator / Author: Joan Addedis
- Resource Type: Africa Capacity Report
- # Download: 254
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enhancing zimbabwe.pdf
Basic Information
Creator / Author
Fitzpatrick, Daniel, Chigumira, Gibson, Dube, Cornelius, Tausha, Isaac
Source / Publisher
Zimbabwe Economic Policy Analysis and Research Unit (ZEPARU)
Resource Type
Geographic & Audience Details
Classification & Domains
Subject
Financial Sector Development
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.
Keywords
Financial Leglislation, Credit and Debt, Insolvency Resolution, Corporate Financial Management, Tax Management
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