Foreign direct investments in East Central Europe played significant role in the economic transition process after 1990. The support of multinational business was a logical choice for most governments to improve and modernize the economy. Despite the various paths taken by the individual...

In the past ten years all transition economies have adopted modern bankruptcy legislation as part of their institution building efforts. But their approach to insolvency and their determination to use the insolvency process as a selection mechanism have varied widely. The aim of the paper is two...