Flattening the Filing Curve for SMEs: Lessons from Colombia’s Insolvency Reform

Publication Title

COVID-19 and Business Law

Editor

Horst Eidenmüller, Luca Enriques, Genevieve Helleringer, and Kristin van Zwieten

Authors

Alvaro Pereira, Georgia State University College of LawFollow

Document Type

Contribution to Book

Publication Date

2020

Abstract

To mitigate the economic consequences of the Covid19 pandemic, corporate insolvency law has been temporarily amended in multiple jurisdictions. The main objective of these reforms is to ensure that viable businesses are not victims of the crisis, which requires adjusting procedures to current exceptional circumstances (e.g., encouraging expeditious reorganization agreements) and limiting the number of filings to preserve the system’s operational capacity. Guided by these objectives, Colombia issued an emergency decree on 15 April 2020 that provides valuable lessons for avoiding massive liquidations of small businesses.

Comments

External Links

Bloomsbury Publishing

Recommended Citation

Alvaro Pereira, Flattening the Filing Curve for SMEs: Lessons from Colombia’s Insolvency Reform, in COVID-19 and Business Law 63 (Horst Eidenmüller et al. eds. 2020).

Institutional Repository Citation

Alvaro Pereira, Flattening the Filing Curve for SMEs: Lessons from Colombia’s Insolvency Reform, Faculty Publications By Year 3519 (2020)
https://readingroom.law.gsu.edu/faculty_pub/3519

ISBN

9781509944736

First Page

63