Chase Cambria
  • University of Technology Sydney
  • [Corporate Access] · Log in
go
  • Contact
  • Webmail
  • Archive
 
  • Home
  • Overview
  • Journal Issues
  • Special Issues
  • Subscriptions
  • Editorial Board
  • Author Guidelines

International Corporate Rescue

Journal Issues

  • Vol 1 (2004)
  • Vol 2 (2005)
  • Vol 3 (2006)
  • Vol 4 (2007)
  • Vol 5 (2008)
  • Vol 6 (2009)
  • Vol 7 (2010)
  • Vol 8 (2011)
  • Vol 9 (2012)
  • Vol 10 (2013)
  • Vol 11 (2014)
  • Vol 12 (2015)
  • Vol 13 (2016)
  • Vol 14 (2017)
  • Vol 15 (2018)
  • Vol 16 (2019)
  • Vol 17 (2020)
  • Vol 18 (2021)
  •         Issue 1
  •         Issue 2
  •         Issue 3
  •         Issue 4
  •         Issue 5
  •         Issue 6
  • Vol 19 (2022)
  • Vol 20 (2023)

Vol 18 (2021) - Issue 1

Article preview

Guatemala: Benefits and Challenges of Implementing a Modern Insolvency Legal System in the Context of the Current Global Crisis

Emanuel Callejas, Senior Associate, Paola Montenegro, Junior Associate, and Gabriel Cabrera, Legal Assistant, Carrillo & Asociados, Guatemala, Guatemala

Synopsis
In Guatemala, there is no specific law regulating insolvency. The current legislation regulating insolvency was adopted in 1963. This presents a challenge given the current context and the economic crisis caused by COVID-19. It is necessary to update the regulation of insolvency in Guatemala so that companies and individuals in distress can meet their obligations, and a culture of reorganisation is implemented. Due to the current global crisis generated by the COVID-19 pandemic, it is necessary to determine whether approval of a proposed law initiative to regulate the aspects of insolvency would be feasible at this time, due to the challenges its approval and implementation involve.

Buy this article
Get instant access to this article for only EUR 45 / USD 55 / GBP 40
Buy this issue
Get instant access to this issue for only EUR 165 / USD 220 / GBP 145
Buy annual subscription
Subscribe to the journal and recieve a hardcopy for
EUR 730 / USD 890 / GBP 520

International Corporate Rescue

"International Corporate Rescue is truly unique in its concept and an indispensable read."

Neil Cooper, Consultant at INSOL International

 

 

Copyright 2006 Chase Cambria Company (Publishing) Limited. All rights reserved.