Examples of 'national insolvency' in a sentence
Meaning of "national insolvency"
National insolvency refers to the state of a country or government being unable to repay its debts or meet its financial obligations. It occurs when a nation's expenditure exceeds its revenue for a prolonged period, leading to a financial crisis and potential default on loan repayments. National insolvency can have severe economic and social consequences, including currency devaluation, loss of investor confidence, and austerity measures
How to use "national insolvency" in a sentence
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national insolvency
Encourage further reforms of national insolvency frameworks.
National insolvency law will therefore continue to apply.
Harmonise elements of national insolvency laws.
A national insolvency is not a simple matter of a country going to court and filing for bankruptcy.
Harmonization of national insolvency laws.
There just is not enough to cut elsewhere to prevent national insolvency.
Liquidation aid within national insolvency proceedings can be authorised under certain conditions.
It was for domestic law to determine the priority of its national insolvency laws.
This includes effective national insolvency frameworks to reduce the time it takes to restructure debt.
The problem of forum shopping is essentially driven by differences in national insolvency laws.
Disparities between national insolvency laws can create legal uncertainty and an unfriendly business environment.
Both banks were then wound down under Italian national insolvency legislation.
National insolvency procedures not listed in Annex A should not be covered by this Regulation.
The Regulation does not cover national insolvency proceedings that aim at rescuing companies.
Responsibilities of Member States regarding the processing of personal data in national insolvency registers.
See also
Depending on the national insolvency rules, various authorities are responsible at the national level.
A glossary containing a basic explanation of the national insolvency proceedings listed in Annex A.
Overall, the reform will allow 19 new national insolvency procedures to benefit from the Regulation.
Collective, suicidal inertia rolls us forward toward national insolvency and the collapse of empire.
If they do not, they face probable national insolvency and a long depression.
Whereas there is a progressive convergence in the national insolvency laws of the Member States;.
Option B ‘ Towards approximation of national insolvency laws and proceedings.
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