Economic and social perspectives of corporate insolvency law in Uganda: The recent collapse of Crane Bank (Uganda) and the response to the 2007-2008 global economic crisis

Conference paper


Nsubuga, H. 2019. Economic and social perspectives of corporate insolvency law in Uganda: The recent collapse of Crane Bank (Uganda) and the response to the 2007-2008 global economic crisis. International Conference on Insolvency and Bankruptcy Laws - A Global Response. ICFAI Law School, Hyderabad, India - Organised by Widener University Delaware Law School and Insolvency and Bankruptcy Board of India 01 - 03 Mar 2019 ICFAI Foundation for Higher Education. pp. 302-310
TypeConference paper
TitleEconomic and social perspectives of corporate insolvency law in Uganda: The recent collapse of Crane Bank (Uganda) and the response to the 2007-2008 global economic crisis
AuthorsNsubuga, H.
Abstract

This treatise analyses Uganda’s current insolvency laws, rescue processes and their priorities adopted by the Government, in safeguarding the financial stability of companies and financial institutions during corporate insolvency as a response to the financial /economic crisis of 2007 – 2008. The treatise analyses the historical evolution of Uganda’s company law and insolvency law to date and attempts made by both the State and other actors within the financial system to streamline the country’s insolvency system. The treatise analyses the policy objectives behind the enactment of the insolvency Act 2011 and its impact on the social and economic imperatives on Uganda’s economy. The treatise discusses the recent collapse of banks and financial institutions as a result of corporate insolvency. Particularly, the treatise analyses the recent collapse of Crane Bank Uganda and lessons learned. The treatise concluded by analysing the provisions for devising an efficient insolvency model.

ConferenceInternational Conference on Insolvency and Bankruptcy Laws - A Global Response
Page range302-310
ISBN
Hardcover9788131427910
PublisherICFAI Foundation for Higher Education
Publication dates
Print03 Mar 2019
Publication process dates
Deposited27 Mar 2019
Accepted02 Mar 2019
Output statusPublished
Accepted author manuscript
File Access Level
Restricted
LanguageEnglish
Book titleProceedings: International Conference on Insolvency and Bankruptcy Laws: Global Response
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