Corporate Rescue & Insolvency magazine has published the third and final part of a series of articles by Nick Hood & Steve Parker, which investigates why so many countries around the world are changing their insolvency regimes and processes.

“In the first two parts of this series chronicling the sudden recent surge of insolvency reform around the world, we concentrated on developments affecting the corporate market and widespread efforts to improve consumer bankruptcy procedures. This final instalment covers the latest developments, as well as looking at new themes which have emerged and look likely to drive the next round of regime change. Finally, we consider the possible obstacles to the successful implementation of reforms.”