n Without Prejudice - Court-supervised restructuring : Africa - Mozambique
|Article Title||Court-supervised restructuring : Africa - Mozambique|
|© Publisher:||JetBlue Publishers (Pty) Ltd|
|Affiliations||1 DLA Piper Africa|
|Publication Date||Sep 2015|
As well as reforming insolvency procedures, the Legal Framework for Insolvency and Business Recovery, approved by Decree-Law No. 1/2013 of 4th July (DL 1/2013), introduced the new concept of "court-supervised restructuring" to the Mozambiquan legal system. Court-supervised restructuring aims to enable companies which are in financial difficulty to overcome their inability to meet their obligations.
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