The new law on bankruptcy will specify the criteria of an enterprise’s inclusion in bankruptcy procedures and resolution and propose early response mechanisms, as announced at yesterday’s summing up the results of the annual contest Bankruptcy and Crisis Management. The forum is held among the students, undergraduates and postgraduates of universities and helps single out future managers able to think creatively and make unconventional decisions.
The procedures of bankruptcy and resolution are market instruments. They have been used in Belarus since the mid-1990s and for nearly a century in Western economies.












