European Bank for Reconstruction and Development launches assessment tool to help mitigate coronavirus impact
September 1, 2020
The European Bank for Reconstruction and Development (EBRD) has launched an assessment today that aims to provide detailed guidance on legislative gaps to address an expected increase in businesses needing to use formal restructuring procedures following the coronavirus pandemic.
The survey will provide an up-to-date map of restructuring frameworks across the EBRD regions in Europe, Asia and Africa. It aims to provide an overview of the options within pre-insolvency and insolvency frameworks across the economies where the Bank engages.
Structured as a questionnaire, the assessment will be open for public consultation until 31 October 2020. It is available in English, French and Russian. For benchmarking purposes, the consultation is also open to countries where the EBRD does not invest. The results of the assessment as well as a report summarising its findings will be made publicly available online thereafter.