Ep. 59 - Reinventing Insolvency Law in Emerging Economies

Insolvency law plays a crucial role in the economy, facilitating the rescue of economically viable enterprises while promoting the value-preserving liquidation of non-viable firms. In his recent book titled ‘Reinventing Insolvency Law in Emerging Economies’ (CUP 2024), Professor Aurelio Gurrea-Martínez, Singapore Management University, observes that many emerging markets and developing economies lack efficient insolvency frameworks. He argues that “the failure of insolvency law in many emerging economies is mainly due to the design of an insolvency legislation that is not tailored to the market and institutional environment generally existing in emerging economies.” The book ultimately proposes that insolvency law needs to be ‘reinvented’ in emerging economies.

This TAG Panel featured a discussion of Professor Gurrea-Martínez’s book with some of the leading experts in the field of insolvency law: Prof. Juanitta Calitz, University of Johannesburg, South Africa; Sumant Batra, Insolvency Law Academy, India; and Scott Atkins, INSOL Fellow, Norton Rose Fulbright, Australia.

Reinventing Insolvency Law in Emerging Economies’ (CUP 2024)
Order this book before 31 December 2024 for a 20% discount. Enter the code RILEE23 at the checkout.

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Follow our speakers on LinkedIn: Aurelio, Juanitta, Scott, Sumant
And on X: @agurreamartinez, @scottatkinsnrf, @sumantbatra

Interviewer: Ilya Kokorin, Leiden University, The Netherlands
Introduction and credits voiced by Lisa McNeil, INSOL International
Edited and produced by Harriet Norman, INSOL International

Music by jorikbasov