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Act No. XXV of 2022 - Insolvency Practitioners Act

Fourteenth Legislature (2022 - )

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Published on 23 December 2022

Bill No. 13 - Insolvency Practitioners Bill

Objects and Reasons

The objects and reasons of this Bill are for this Bill to provide for a modern framework to strengthen the efficiency and effectiveness of the existent legislative framework relating to insolvency through regulation of the activities of insolvency practitioners, and to partially transpose Directive (EU) 2019/1023 of the European Parliament and of
the Council of 20 June 2019 on preventive restructuring frameworks, on discharge of debt and disqualifications, and on measures to increase the efficiency of procedures concerning restructuring, insolvency and discharge of debt, and amending Directive (EU) 2017/1132 (Directive on restructuring and insolvency).

Motion No. 64 - Insolvency Practitioners Bill