Phase 1 - Analysing the existing regulatory framework for IRPs
Provide the MoJ with an analysis and assessment of the existing regulatory framework for IRPs in Croatia to identify the areas that need to be strengthened though training and capacity building activities. The Consultants will draft a report (the ‘Report’) including, amongst others, the following:
(i) a comparative analysis of the profile of IRPs under the current regulatory framework (i.e., main commercial and legal skills needed by IRPs to handle insolvency cases effectively, with the emphasis on reorganisation, as opposed to liquidation) and the profile of IRPs that are being appointed in order to identify inefficiencies and malfunctions of the current system (depending on the number of IRPs in Croatia, the Report’s findings could be elaborated through sampling);
(ii) an assessment of the competences and responsibilities of the examination, licensing and supervisory authority of IRPs; and
(iii) an assessment of the areas related to the IRP profession that need to be standardised, coordinated and/or strengthened.
Phase 2 – Capacity Building
a) IRP training methodology and training materials
Based on the findings of the Report, the Consultants will draft a training methodology for IRPs (the ‘IRP Training Methodology’) providing precise suggestions in accordance with international and European best practice about particular aspects, such as the qualification requirements, minimum number of hours of training, mandatory areas of training, qualification of trainers, sustainability and maintenance of IRP training, geographical areas where trainings would be delivered, the monitoring of the trainings, the trainings needed to renew the IRP license, etc.
b) Capacity building for IRPs and trainers of IRPs
The IRPs will be trained by the Consultants (and/or by trainers to be appointed by the Consultants) in various modules on selected topics identified by the IRP Training Methodology. The training will focus on how to achieve the overall objectives of Insolvency Law.
The Consultants shall ensure that training for future trainers is also conducted. In connection with the training for trainers, a commission will be appointed by the Ministry after this project is completed. The members of the commission will be in charge of IRPs’ training in Croatia after the project’s completions and the Consultants should ensure that the members of the commission also receive specific training to ensure the continuity, uniformity and monitoring of the future trainings imparted to all licensed IRPs and the trainers to be appointed.
Duration: between 18 and 22 months