Economic Chamber initiates pre-bankruptcy settlement.
The Chamber considers that with the latest modifications and amendments to the Law on Bankruptcy, since 29 May 2013, efforts for mild turning to the model of restructuring and survival of the bankrupt obligor have been made.
"Bearing in mind the current state of the Macedonian economy in the field of solvency and indebtedness, cleaning of the perspectives from the non-perspective insolvent legal entities is needed before introducing the announced Law on Financial Discipline," SKM said.
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|Publication:||Macedonian Business Monthly|
|Date:||Oct 1, 2013|
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