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Latvia concludes review of debt-restructuring environment


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. ....

Ministry Of Justice , Latvia Ministry Of Justice , European Union , European Commission , European Bank , Structural Reform Support Programme , Latvia Ministry , அமைச்சகம் ஆஃப் நீதி , ஐரோப்பிய தொழிற்சங்கம் , ஐரோப்பிய தரகு , ஐரோப்பிய வங்கி , கட்டமைப்பு சீர்திருத்தம் ஆதரவு ப்ரோக்ராம் , லாட்வியா அமைச்சகம் ,

EBRD newsletter - Friday 30 April


EBRD newsletter - Friday 30 April
EBRD “baby” UiPath smashes Wall Street
The Romanian software company UiPath broke records this week with the most successful listing on the New York Stock since Spotify, according to the Economist. UiPath managed to raise $1.3bn in an initial public offering. This valued it at around $30bn. When first plans for the company were made in a living room in Bucharest in 2015 and the founders needed capital the EBRD stood ready to offer its support through the Earlybird Digital East Fund.
As the world commemorated the 35
th anniversary of the Chernobyl nuclear accident this week, a new EBRD-managed decommissioning fund held its first assembly meeting. EBRD President Odile Renaud-Basso and Rafael Mariano Grossi, Director General of the International Atomic Energy Agency (IAEA) opened the meeting of the International Chernobyl Co-Operation Account (ICCA) assembly with a joint declaration pledging continued support for the decomm ....

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