Project Title

Streamlined Insolvency Procedures for MSMEs 

Project Year

2024   

Project Number

EC_02_2024S 

Project Session

   

Project Type

Self-Funded 

Project Status

Project in Implementation   
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Project No.

EC_02_2024S 

Project Title

Streamlined Insolvency Procedures for MSMEs 

Project Status

Project in Implementation 

Fund Account

Self-Funded 

Project Year

2024 

Sponsoring Forum

Economic Committee (EC) 

Topics

Legal Infrastructure; Structural Reform 

Committee

Economic Committee (EC) 

Other Fora Involved

 

Other Non-APEC Stakeholders Involved

 

Proposing Economy(ies)

Canada 

Co-Sponsoring Economies

China; Indonesia; Korea; Peru; Chinese Taipei; Thailand; United States; Viet Nam 

Expected Start Date

01/07/2024 

Expected Completion Date

31/01/2025 

Project Proponent Name 1

Alex McDougall 

Job Title 1

Senior Policy Analyst 

Organization 1

Innovation, Science and Economic Development Canada 

Postal Address 1

Not Applicable 

Telephone 1

(1) 613-700-1076 

Fax 1

Not Applicable 

Email 1

[email protected] 

Project Proponent Name 2

Not Applicable 

Job Title 2

Not Applicable 

Organization 2

Not Applicable 

Postal Address 2

Not Applicable 

Telephone 2

Not Applicable 

Fax 2

Not Applicable 

Email 2

Not Applicable 

Declaration

Alex McDougall 

Project Cost (US$)

$0.00 

Project Summary

Micro, small, and medium-sized enterprises (MSMEs) are an important part of most economies, and major sources of job creation and innovation.  However, experts and international organizations have noted that insolvency frameworks in most modern economies are geared towards managing the liquidation or restructuring of larger businesses, and maybe less well suited to MSMEs that may face barriers associated with cost, complexity, and creditor engagement.[1]  The question of how to improve the functioning of insolvency laws for MSMEs has been studied by international organizations, such as the World Bank, the OECD, and UNCITRAL.  Several APEC economies have implemented specialized or streamlined insolvency regimes to improve MSME access following different approaches.  Against this backdrop, a panel discussion workshop comprised of member economies that have different experiences with structural reforms that focus specifically on MSME insolvency could help generate comparative insights into these issues and could be of benefit to APEC economies that are seeking to further understand and analyse different approaches, or to implement regimes in their jurisdictions.


[1] See the following sources:  McGowan, Müge Adalet, and Dan Andrews. "Design of insolvency regimes across countries." (2018); Gurrea‐Martínez, Aurelio. "Implementing an insolvency framework for micro and small firms." International Insolvency Review 30 (2021): S46-S66; Sarra, Janis. "Making insolvency law responsive to the needs of financially distressed micro and small enterprises." Research Handbook on Corporate Restructuring. Edward Elgar Publishing, 2021. 246-260;  UNCITRAL Legislative Recommendations on Insolvency of Micro- and Small Enterprises (2021).

Are there any supporting document attached?

Yes 
Attachments
Version: 2.0 
Created at 20/06/2024 11:16  by Lucy Phua 
Last modified at 20/06/2024 11:16  by Lucy Phua 
Version HistoryVersion History

Project No.

Project Title

Project Status

Fund Account

Project Year

Sponsoring Forum

Topics

Committee

Other Fora Involved

Other Non-APEC Stakeholders Involved

Proposing Economy(ies)

Co-Sponsoring Economies

Expected Start Date

Expected Completion Date

Project Proponent Name 1

Job Title 1

Organization 1

Postal Address 1

Telephone 1

Fax 1

Email 1

Project Proponent Name 2

Job Title 2

Organization 2

Postal Address 2

Telephone 2

Fax 2

Email 2

Declaration

Project Cost (US$)

Project Summary

Are there any supporting document attached?

hdFldAdmin

Project Number

Sub-fund

Previous Fora

Secretariat Comments

Endorsement By Fora

PD Sign Off

Monitoring Report Received

Completion Report Received

PMU Field 1

PMU Field 2

PMU Field 3

On Behalf Of

Proposal Status

Originating Sub-Forum

Approval Status
Attachments
Content Type: Self-Funded Proposal
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