Enhancing Zimbabwe's Regime for Resolving Corporate Financial Distress: Current Challenges and Possible Solutions.

Abstract

Company closures are a cause of great competition concern since they result in the removal of competitors and increase in concentrations in the relevant markets, and this facilitates and promotes monopolization and cartelization, which are prohibited restrictive business practices under the Competition Act [Chapter 14:28]. Competition and Tariff Commission (CTC) collaborated with the Zimbabwe Economic Policy Analysis and Research Unit (ZEPARU) in undertaking  this study to set up a policy framework on bankruptcy prevention in Zimbabwe.