Toolkit for Corporate Workouts
This Toolkit describes matters relevant to the adoption of workout frameworks for a broad range of types of corporate restructuring procedures, some of which provide for a role for courts or regulatory authorities. This widened perspective highlights considerations of particular relevance in the context of the COVID-19 pandemic, a crisis that makes restructuring viable businesses especially important.
This Toolkit is aimed primarily at policy makers, financial institutions, and enterprises. It examines different types of corporate restructuring procedures on the basis that one size does not fit across all jurisdictions.
A Toolkit for Corporate Workouts is a revised and updated version of the World Bank Group Insolvency & Debt Resolution team’s A Toolkit for Out-of-Court Workouts (2016).
