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Bankruptcy Law
On a comparative basis, Albania leads the other five countries analyzed under this methodology in terms of legal framework. This is not surprising, in light of initiatives that have produced two new bankruptcy codes in six years. Like Poland and Macedonia, Albania has received substantial support in updating its laws, and the scores reflect this assistance.
For all other aspects, however, Albania has the lowest scores. As discussed further below, Albania's bankruptcy laws are essentially unused, in part due to the weaknesses in the implementing and supporting institutions, and in part due to the very low demand. The scores thoroughly reflect these findings.
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