Podcasts Culture Government of Saint Lucia Debtors and Creditors will soon benefit from Insolvency Legislation

Debtors and Creditors will soon benefit from Insolvency Legislation

Published: April 17, 2024, 1:41 p.m.

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The National Competitiveness and Productivity Council is at the forefront of the Insolvency legislation reform project. This crucial piece of legislation aims to establish a robust legal framework safeguarding individuals and businesses facing economic adversity, ensuring they receive the necessary protection amidst financial challenges. The anticipated outcomes include a notable decrease in non-performing loans held by financial institutions.

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For details on these government developments and more, visit www.govt.lc

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