Although the conditions for a complete overhaul in the near future may be lacking, some institutes can be reformed and new ones introduced. Legislation must be adopted to provide for timely management of corporate crises, outside the framework of bankruptcy procedures or before recourse to them becomes necessary.
Reform of the law on revocations in bankruptcy is needed to ensure certainty in relationships between the company and its creditors, especially suppliers and banks, and to avoid the sudden interruption of financing to the firm, due in the first place to the legal aspects involving penal responsibility. We are in a difficult moment for our economy.