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Insolvency Practitioners - qualifications and appointment
around the world
In this the electronic age even the smallest of business enterprise can and do operate globally. When they or their capital providers find that the enterprise is facing operational and financial challenges it is vital that they secure advisors who not only understand the local financial and legal requirements but are also qualified and adhere to the highest standards of practice. This section of the INSOL International Membership Directory has proved to be very popular. The impetus for its creation was when leading bank asked INSOL if it would be happy to carry out a survey relating to the qualifications and appointments of insolvency practitioners in different jurisdictions.
As the leading association of restructuring and insolvency professionals, who provide services worldwide, INSOL is the best placed to carry out a survey of qualifications and appointment requirements and the following are the results thereof. In particular, our member associations were asked how insolvency practitioners are appointed, what qualifications are required to practice as such, details of the selection process in the event a debtor company becomes insolvent and an insolvency officer is to be appointed, who supervises the insolvency officers, issues relevant to remuneration, and how the professionals are regulated.
The survey results are quite varied, interesting, and in some instances, quite surprising. It shows that in some jurisdictions, insolvency practitioners are a heavily regulated profession. By contrast, there were other countries where to work as an insolvency practitioner basic qualifications and skills are not essential.
In this year's Directory, we have included 25 country surveys and we expect to continue to add countries in our next edition.
Robert O Sanderson
President of INSOL International
To view/download the information by country see
files below in pdf format. To download 'right click and 'save target
as'.
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