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Latvia concludes review of debt-restructuring environment
Latvia concludes review of debt-restructuring environment
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Addressing the key issue of improving the insolvency framework and tackling debt restructuring, Latvia’sMinistry of Justice has completed an 18-month project financed by the European Union through the Structural Reform Support Programme and implemented by the European Bank for Reconstruction and Development (EBRD), in cooperation with the European Commission (DG REFORM) and with the support of a consortium of financial and legal experts led by PricewaterhouseCoopers Latvia.
The project evaluated Latvia’s debt-restructuring environment and identified areas for improvement. More than 500 stakeholders were trained on practical issues related to debt restructuring and cross-border insolvency proceedings. A number of people will act as trainers in future to continue to raise awareness and boost knowledge in this critical area.

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