The Indian restructuring and insolvency regulator had specifically invited comments from the public by December 31, 2017 on various regulations notified under the Indian Insolvency and Bankruptcy Code, 2016. The International Women's restructuring and Insolvency Confederation (IWIRC) has submitted comments in response to this by leveraging the collective "best practices" experience of IWIRC members and friends in the restructuring and insolvency industry across the globe. 

About this Initiative

The initiative was led by Upasana Rao and Riddhi Dalal of the IWIRC India Network and Pooja Sinha of the IWIRC Singapore Network who benefitted from the significant input and guidance provided by the following IWIRC members and friends:

• IWIRC US: Tinamarie Fell, Carren Shulman, Ilana Volkov
• IWIRC Europe: Annerose Tashiro and Kathlene Burke
• IWIRC Cayman Islands: Rebecca Hume and Caroline Moran
• IWIRC Hong Kong- Aruni Weerasekara
• IWIRC Singapore- Debby Lim and Lucy Julian

IWIRC also benefitted from the media support on this initiative provided by Global Restructuring Review and by REDD Intelligence who have been key supporters of IWIRC PacRim in 2017. 

About IWIRC

Founded in 1993, IWIRC is an international non-profit organization with 50 networks worldwide committed to the connection, promotion and success of women in the insolvency and restructuring professions. IWIRC has a long history in Asia with active networks in Hong Kong, China, Singapore, Japan, India and Malaysia.

About IWIRC's thought-leadership activities

In connection with its focus, IWIRC is widely-regarded as a pre-eminent international organization in the restructuring and insolvency space and engages in a number of thought-leadership activities across the globe. Examples include:

Policy Contributions: IWIRC has been invited each year, for more than a decade, to participate as a Non-Governmental Organization (NGO) in the United Nations' Committee on International Trade Law Working Group V on Insolvency. In biannual meetings of this Working Group IWIRC provides professional insight and experience on the need for robust insolvency policy to promote international trade in mature and growing economies. Along with representatives of sixty United Nations' member states and other prominent NGOs and Intergovernmental Organizations (IGO), five of our IWIRC members participate each year from various countries in developing model law and legislative guides. IWIRC members regularly participate in initiatives such as the American Bankruptcy Institute's Commission to Study the Reform of Chapter 11 and the revision of U.S. rules of local procedure.

Worldwide Educational Conferences: IWIRC holds global educational conferences for its members and other insolvency professionals that are well-attended and provide members with speaking opportunities and the opportunity to hear from industry leaders. IWIRC is also regularly invited to provide panellists to conferences held worldwide by other prominent organizations in the insolvency, legal and financial industries and to partner with other organizations to provide educational programming.