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Morocco - Report on the observance of standards and codes (ROSC) : insolvency and creditor rights systems : Morocco - Rapport sur l'observation des normes et codes (RONC) : insolvabilite et droits des creanciers (French)

This review was carried out using the World Bank Principles and Guidelines for Effective Insolvency and Creditor Rights Systems (Principles). These systems constitute an essential cornerstone of commercial confidence and the bedrock for a sound credit management and its resolution. It sets out a description of country practice, which includes: 1) creditors' rights and enforcement procedures; 2) legal framework for corporate insolvency; 3) regulatory framework for creditor rights and corporate insolvency; and 4) credit risk management and informal corporate workouts. The report concludes that creditor rights and enforcement procedures on the whole offer modern protections and were found to be largely observant of the Principles. In several areas, however, the procedures, rules and practice could be improved to achieve a higher level of effectiveness and more efficient results.

Details

  • Document Date

    2006/09/01

  • Document Type

    Insolvency Assessment (ROSC)

  • Report Number

    38982

  • Volume No

    1

  • Total Volume(s)

    1

  • Country

    Morocco,

  • Region

    Middle East and North Africa,

  • Disclosure Date

    2010/07/01

  • Disclosure Status

    Disclosed

  • Doc Name

    Morocco - Rapport sur l'observation des normes et codes (RONC) : insolvabilite et droits des creanciers

  • Keywords

    accountability, accounting, accounting treatment, acts, auction, auditors, bad debts, Banking Law, banking system, banks, Cabinet, case law, central bank, Civil Procedure, CODES, commercial disputes, commercial law, commercial paper, court, court performance, credit institutions, credit management, Credit Risk, Credit Risk Management, credit risks, CREDITOR, Creditors, debt, debt recovery, debtors, defaults, deficits, deposits, enforcement systems, factoring, financial institutions, financial strength, foreclosure, foreign banks, guaranty, Guidelines, INSOLVENCY, insolvency law, insolvency practitioners, insolvency proceeding, insurance, inventory, investment lending, jurisprudence, Laws, Lawyers, Legal Framework, legal infrastructure, legal instruments, legal provisions, legal standards, Legal systems, legislation, liens, liquid assets, liquidation, market value, mortgage lending, mortgages, movable property, negotiable instruments, personal property, pledges, portfolio, Regulatory Framework, reorganization, repayment, secured creditor, secured creditors, subsidiaries, Sureties, surety, systemic risk, tax incentives, tax reform, trader, traders, trading, working capital

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Citation

Morocco - Report on the observance of standards and codes (ROSC) : insolvency and creditor rights systems : Morocco - Rapport sur l'observation des normes et codes (RONC) : insolvabilite et droits des creanciers (French). Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/231151468121750698/Morocco-Rapport-sur-lobservation-des-normes-et-codes-RONC-insolvabilite-et-droits-des-creanciers