An Economic Evaluation of Insolvency Procedures in the United Kingdom: Does the 1986 Insolvency Act Satisfy the Creditors' Bargain? The creditors' bargain view of insolvency law argues that solvency stats rights should be preserved in insolvency states. It argues that insolvency law sho... DC Webb...
company had entered into the bankruptcy liquidation procedure in Hong Kong, but, on the other hand, it also denied the legitimacy of the Hong Kong liquidator representing the company on the grounds that the Hong Kong liquidator lacked the authority to act on behalf of the company outside Hong...
However, in 2006, the French legislator introduced a new chapter 11-style ‘procédure de sauvegarde’, putting more emphasis on creditors’ needs. However, the Enterprise Act 2002 has somewhat reduced their primary status. Cf., e. g., R. Stevens, ‘Security after the Enterprise Act’, in ...
How do board characteristics influence the risk of bankruptcy? We study this question by estimating classic Z-Score models using panel data comprising 2519 listed non-financial firms from 29 European countries over the 2012–2020 period. We found that board independence is associated with lower risk...