Virtual Africa Round Table on Insolvency Reform 2020
Monday, November 23, 2020 from 12.00 – 2.30 pm GMT
Due to COVID-19, the Africa Round Table on Insolvency Reform (ART) was paused in 2020. However, after 10 years of consecutive ARTs, we wanted to keep the conversation going – especially at a time when so many countries are facing waves of insolvencies as a result of the measures adopted to curb the health crisis. With this in mind, we invited you to a shorter online virtual ART, which we hope will help policymakers from Africa with their COVID-related insolvency plans and enable our vibrant community to reunite at this difficult time.
The two and a half-hour interactive virtual ART focussed on insolvency reform in the context of COVID-19. The meeting began with a discussion of COVID-19’s effect on Africa’s economy and what could be coming. The event then explored what the major insolvency-related issues are for the continent and concluded with examples of what select countries have done and are doing from a policy perspective to respond to the pandemic.
You may find the following reports helpful as background to the discussions:
Implementing an insolvency framework for micro and small firms
Small business bankruptcy reform in the Arab world
COVID 19 outbreak implications on corporate and individual insolvency
Strengthen insolvency frameworks to save firms and boost economic recovery
The INSOL International and World Bank Group report on insolvency measures in times of COVID
INSOL International’s Statement of Principles for a Global Approach to Multi-Creditor Workouts
World Bank Group Toolkit for Out-of-Court Workouts
Insolvency Law in Emerging Markets
ART 2021
ART 2021 is scheduled to be held in Rwanda, and we are looking at potential dates.
We will update you on the confirmed dates for ART 2021.
For further details please contact Penny Robertson@insol.org
10th Anniversary Africa Round Table on Insolvency Reform 2019
Swakopmund Hotel and Entertainment Centre
21st - 22nd November 2019
ART 2019 Additional Papers
Delegate List
Sessions
Critiquing business restructuring plans - sample plan
Critiquing business restructuring plans - Concept of "administration" under the Mauritius Insolvency Act 2009
A practical workshop on Insolvency Practitioners skills - case study
Stakeholder negotiations in a cross-border insolvency - slides
The 2019 Africa Round Table (ART) on insolvency reform hosted by INSOL International and World Bank Group, was held on 21st - 22nd November 2019 at Swakopmund Hotel & Entertainment Centre. The theme for was “Celebrating a decade of insolvency reform in Africa and anticipating what lies ahead”.
Since the introduction of the Africa Round Table initiative in 2010, the focus has been on introducing delegates across the continent to the various insolvency and restructuring tools that are available in an insolvency scenario, with the emphasis on encouraging and supporting insolvency reform. The themes of the events have ranged from value preservation to insolvency frameworks for micro, small and medium enterprises to examining how to encourage more effective implementation of insolvency regimes. The focus, however, remains on developing professional ties with the goal of improving insolvency and restructuring regimes across the African continent.
Celebrating 10 years of ART provided us not only with an opportunity to look back at the past decade of insolvency reform in Africa, but also with an opportunity to pause and reflect as to the potential challenges that lie ahead, specifically in Sub-Saharan Africa.
For further information and details of sponsorship opportunities please contact Penny Robertson at Penny.Robertson@insol.org
INSOL International and The World Bank Group would like to thank the following supporters of the Africa Round Table Initiative: