Community Interests:An Insolvency Objective inTransition Economies?

This paper is an extract out of the author’s doctorial thesis to issues on insolvencylaw reform in transition economies. The dissertation entails an analysis of coreinsolvency standards and related principles, which are highly significant when (re-)designing or reforming the insolvency regime of a country in the transition process.There, the author intends to examine those issues from a potential legislator’s pointof view, whereby the benefits and repercussions associated with such standards areanalysed in the context of the particular economical, social and political needs ofthe jurisdictions in question.The aim of the thesis is to discuss the policy objectives facing a potential legislatorin a country seeking to reform its insolvency regime and to offer guidelines thatsupport good practise standards in the countries in question. Furthermore, the paperattempts to articulate a comprehensive statement about the various and competinggoals that underlie the insolvency system, particularly in a transition economy.[...]