The Parliament's Insolvency and Bankruptcy Code is a welcome reform of the existing framework on business, entity, partnership and other insolvency. This paves the way for much-needed reforms when concentrating on creditor-driven insolvency resolution.

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Merchant banking is the financial institution which deals with loan syndication, merger and acquisition-related services, fundraising services, portfolio services, marketing and underwriting of the new issue, advisory services, project promotion, and project finance for large corporations, high net worth individuals, and multinational companies that have businesses all around the globe.

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