In this insightful discussion, senior lawyer Feisal Hussain Naqvi delves into the challenges of corporate debt enforcement and rehabilitation in Pakistan. He critically examines the inefficiencies in the legal framework, highlighting issues such as slow debt enforcement, flawed insolvency laws, and the reluctance of banks to support corporate rehabilitation. Drawing from his experience with the Banking Law Review Committee and past legal reforms, he discusses why corporate restructuring remains ineffective and how legal and regulatory changes can improve the system.
Key Topics Covered:
- Issues with debt enforcement and corporate rehabilitation
- Flaws in Pakistan’s insolvency framework
- Judicial and regulatory hurdles in debt recovery
- The role of personal guarantees in corporate loans
- Lessons from international insolvency laws
Don’t miss this deep dive into the complexities of corporate law and financial recovery!
