‘7’

    In the last meeting of IAIR held in July, 2001 at London, India was elected to the Executive Committee of the Association. Executive Committee consists of six member nations.

    As insolvency systems have developed in various countries including the trend towards greater use of private sector providers in the delivery of insolvency services, the role of Governments as regulators is becoming increasingly important.

    The Association aims at facilitating the exchange of information on the insolvency systems of members, their roles and responsibilities including operational and management practices and procedures and responses to changing insolvency trends. IAIR identifies issues and problems that are seen to impede the efficient and effective administration of insolvency, particularly cross border insolvency and liase with other international insolvency organization and constituencies on common insolvency issues.