Friday, April 20, 2012

Plans to reform Jamaica’s insolvency law | RJR News

Plans to reform Jamaica’s insolvency law | RJR News: "Industry Minister, Anthony Hylton, says his Ministry fully endorses the process to reform the country’s insolvency law to reflect the realities of  the modern global business environment.

Insolvency refers to the inability of an organisation to meet its financial obligations with its lenders as debts become due.

It can lead to legal action being taken against the company or its assets being sold to clear the debts."

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