Flattening the Filing Curve for SMEs: Lessons from Colombia’s Insolvency Reform
COVID-19 and Business Law
Horst Eidenmüller, Luca Enriques, Genevieve Helleringer, and Kristin van Zwieten
Contribution to Book
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.
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
Flattening the Filing Curve for SMEs: Lessons from Colombia’s Insolvency Reform,
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