Micro, Small, and Medium Enterprise Insolvency

Riz Mokal is a barrister at South Square Chambers and is Honorary Professor of Law and Legal Theory at University College London Ronald Davis is Associate Professor of Law at the University of British Columbia, Canada. Stephan Madaus is Professor of Law at the Martin-Luther-University Halle-Wittenberg, Germany Alberto Mazzoni is Professor of Commercial Law and International Trade Law at the Catholic University of Milan, and President of UNIDROIT Irit Mevorach is Professor of International Commercial Law at the University of Nottingham Madam Justice Barbara Romaine is a Justice of the Alberta Court of Queen's Bench, Canada Janis Sarra is UBC Presidential Distinguished Professor at University of British Columbia, Canada Ignacio Tirado is Professor of Law at Universidad Autonoma De Madrid

• 1: Introduction 2: MSME Insolvency Status Quo 3: Principles and Objectives Guiding the Modular Approach to MSME Insolvency 4: Procedure Under the Modular Approach 5: Complementary Tools and Incentives 6: Role and Position of Other Key Stakeholders Interacting with or Affected by the Distressed MSME 7: Examples for Implementing the Modular Approach beyond specific economic and institutional backgrounds 8: Conclusion 9: Annex 1: Introduction of the Modular Approach for MSMEs: A Basic Toolkit for Legal Reform 10: Annex 2: Lessons from One Jurisdiction on How to Identify Policy Needs of MSME Insolvency 11: Annex 3: Sample of Questionnaire for Lawyers Appendix

This is an important book ... It represents the first, concerted effort to address the specific issue of MSME insolvency in a rigorous and scholarly framework, while offering a genuinely practical suggestion for the way forward. The controlling principles of the ground up approach and flexibility anchor the work, while due attention is paid to the incentives needed for a modular approach to work. The book is accessible, clearly written and clearly structured and avoids unnecessary jargon. Thus it is of use for academics, students, policy makers, regulators, international and industry bodies grappling with this important issue.