LAUSR

Purpose This article aims at providing a comprehensive overview of the sphere of corporate failure in Mauritius. The causes are explained and urge to take preventive measures justified therein. Recommendations are finally proposed to prevent corporate failure in Mauritius. Design/methodology/approach The methodology employed is based on a mix of the legal research method and case study analysis. This paper will analyse every legal instrument such as enactments, binding rules, regulations and guidelines relevant to the Financial Services Commission and the Insurance Sector in Mauritius. Findings The prudential approach by the FSC is at the basis of any attempt to prevent corporate failure in Mauritius. However, there is still room for improvement with amendments that can be brought to various stages such as the licensing, compliance and regulation stage. Research limitations/implications In terms of research limitation, this is an area which is quite new in Mauritius,implying that literature would mostly b...