The Insolvency Law Academy at Karlstad Business School has been appointed as a consultation body by the Justice Department. This means that the Academy will now contribute to shaping the development of future legislation.
The Insolvency Law Academy at Karlstad Business School has been appointed as a consultation body by the Justice Department. This means that the Academy will now contribute to shaping the development of future legislation.
– This is an acknowledgment of our work and very satisfying, says Professor of Civil Law Marie Karlsson Tuula, who founded the Insolvency Law Academy in 2016.
Review of bankruptcy procedure
The current case, Bankruptcy procedure Ds 2019:31, is an extensive review of bankruptcy procedure which covers more than 600 pages. Part of the review concerns for example the division of responsibilities between the court, the Swedish Enforcement Authority (the supervisory authority for bankruptcy), and the liquidator. The duties of the court are defined more narrowly, while the responsibilities of the supervisory authority and the liquidator are expanded. The bankruptcy procedure will also be digitalised in order to facilitate court administration.
Two other universities, Uppsala and Stockholm, are among the 66 agencies that have been invited to contribute a comment. Comment letters are due at the Justice Department no later than 23 April, and will then be published on the official Government Offices of Sweden website.
– Hopefully, we will enjoy continued confidence and we would like to become a permanent consultation body, says Marie Karlsson Tuula.
About the Insolvency Law Academy
The Insolvency Law Academy was founded to increase attention to insolvency law and improve the conditions for interdisciplinarity among subjects such as law and business administration. Read more here.
You can find the bankruptcy procedure here (in swedish).
