Inventory Report on International Recommendations from Standard-Setting Organisations

Abstract

Various instruments referred to in this Report also include a set of definitions. Therefore, when reference is made to specific recommendations in this Report, these definitions still apply. In addition, the following definitions are provided: Business rescue: Except where specified otherwise, references to business rescue should be understood as encompassing both the rescue of the debtor (such that the entity itself survives) and the rescue of the debtor’s business on a going-concern basis (whether or not the business continues to 1090 be carried on in the same entity).