Riz Mokal is Senior Counsel at the World Bank and heads the Bank's Global Initiative on Insolvency and Creditor/Debtor Regimes. The Initiative has responsibility for ensuring the relevance and responsive to current circumstances of the Bank's Principles for Effective Insolvency and Creditor Rights Systems. The Principles, together with the Legislative Guide on Insolvency Law compiled by the United Nations Commission on International Trade Law, constitute the unified international best practice standard in this domain. They form the basis on which the Bank is mandated to undertake assessments and advise on the reform of enterprise credit formation and distress resolution regimes around the world. As part of the Initiative, Mokal has assessed and advised on the reform of jurisdictions in Middle East, Africa, Central and South Asia, and Eastern Europe.