Insolvency 2025

Definitive global law guides offering comparative analysis from top-ranked lawyers


INTRODUCTION
6

Contributed by Marcel Willems and Rowan Hamer, Fieldfisher
6

ANDORRA
10

Law and Practice
10

Contributed by Cases & Lacambra
10

AUSTRIA
22

Law and Practice
22

Contributed by Fellner Wratzfeld & Partners
22

Trends and Developments
37

Contributed by Fellner Wratzfeld & Partners
37

BAHRAIN
44

Law and Practice
44

Contributed by Hassan Radhi & Associates
44

Trends and Developments
60

Contributed by Hassan Radhi & Associates
60

BELIZE
66

Law and Practice
66

Contributed by Stanbrook Prudhoe
66

BRITISH VIRGIN ISLANDS
84

Trends and Developments
84

Contributed by Maples Group
84

CANADA
89

Law and Practice
89

Contributed by Gowling WLG
89

Trends and Developments
111

Contributed by Miller Thomson LLP
111

CHINA
116

Trends and Developments
116

Contributed by Han Kun Law Offices
116

DENMARK
122

Law and Practice
122

Contributed by DLA Piper Denmark
122

Trends and Developments
139

Contributed by DLA Piper Denmark
139

FRANCE
145

Law and Practice
145

Contributed by White & Case
145

Trends and Developments
163

Contributed by White & Case
163

HUNGARY
168

Law and Practice
168

Contributed by Lakatos, Köves & Partners
168

Trends and Developments
185

Contributed by TENK Law Office
185

INDIA
195

Law and Practice
195

Contributed by Shardul Amarchand Mangaldas & Co
195

Trends and Developments
213

Contributed by Shardul Amarchand Mangaldas & Co
213

INDONESIA
220

Law and Practice
220

Contributed by ABNR Counsellors at Law
220

Trends and Developments
237

Contributed by KARNA
237

ITALY
244

Trends and Developments
244

Contributed by LEXIA
244

JAPAN
251

Law and Practice
251

Contributed by Nishimura & Asahi (Gaikokuho Kyodo Jigyo)
251

Trends and Developments
273

Contributed by Nishimura & Asahi (Gaikokuho Kyodo Jigyo)
273

KENYA
280

Law and Practice
280

Contributed by Oraro & Company Advocates
280

Trends and Developments
298

Contributed by Oraro & Company Advocates
298

LUXEMBOURG
303

Law and Practice
303

Contributed by BSP
303

Trends and Developments
321

Contributed by Loyens & Loeff
321

MACAU SAR, CHINA
328

Law and Practice
328

Contributed by Lektou
328

MEXICO
340

Law and Practice
340

Contributed by Sainz Abogados
340

NETHERLANDS
355

Law and Practice
355

Contributed by Fieldfisher
355

POLAND
375

Law and Practice
375

Contributed by Tatara & Partners Restructuring & Insolvency Law Firm
375

Trends and Developments
391

Contributed by Tatara & Partners Restructuring & Insolvency Law Firm
391

PORTUGAL
397

Law and Practice
397

Contributed by Sérvulo & Associados
397

ROMANIA
414

Law and Practice
414

Contributed by Zamfirescu Racoți Vasile & Partners Attorneys At Law
414

Trends and Developments
432

Contributed by Zamfirescu Racoți Vasile & Partners Attorneys At Law
432

SWITZERLAND
437

Law and Practice
437

Contributed by Schellenberg Wittmer Ltd
437

Trends and Developments
455

Contributed by Walder Wyss Ltd
455

THAILAND
461

Law and Practice
461

Contributed by Chandler Mori Hamada
461

Trends and Developments
474

Contributed by Chandler Mori Hamada
474

UAE
477

Law and Practice
477

Contributed by Attalah Legal Consultancy
477

UK
493

Law and Practice
493

Contributed by Kirkland & Ellis
493

USA
512

Law and Practice
512

Contributed by Robinson & Cole LLP
512

Trends and Developments
530

Contributed by Levenfeld Pearlstein
530

USA – DELAWARE
536

Trends and Developments
536

Contributed by Robinson & Cole LLP
536

USA – NEW JERSEY
543

Trends and Developments
543

Contributed by Gibbons P.C.
543

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