LAW N° 075/2021 OF 06/12/2021 RELATING TO INSOLVENCY | 075/2021 OF 06/12/2021 — Rwanda law | Esheria

LAW N° 075/2021 OF 06/12/2021 RELATING TO INSOLVENCY

This article says the law sets out procedures for handling insolvency issues involving a company, a partnership, or an individual, unless other laws provide otherwise.

AI-assisted research synopsis — verify against the official legal text below.

Jurisdiction
Rwanda
Instrument
Act or statute
Citation
075/2021 OF 06/12/2021
Status
In force
Version
Undated source snapshot
Language
mul
Updated
Official source
View official record ↗
accounting accounting records acquired rights adjourned meeting administration administration costs administration deed administration deed execution administration duties administration of assets administration of companies administration termination administration termination notice administrator appointment administrator duties annual accounts appointment of insolvency practitioner appointment of liquidator appointment request appointment validity approval thresholds arrangement order asset administration asset concealment +350 more

Statute overview

About this statute

This article says the law sets out procedures for handling insolvency issues involving a company, a partnership, or an individual, unless other laws provide otherwise. This article says what the Law covers, including voluntary insolvency-avoidance measures, insolvency, liquidation, voluntary liquidation, insolvency practitioner matters, and cross-border insolvency. This article defines key terms used in the law, including creditor, administration, bankruptcy order, cell, insolvency, Minister, and regulatory authority. The Registrar General is responsible for insolvency proceedings and must perform several listed tasks. A person who must notify a creditor should serve the notice personally; if that is not reasonably possible, the notice may be served through listed substitute methods. Creditors also have a right to request and receive insolvency-related information.

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