Corporate rescue law : an Anglo-American perspective / Gerard McCormack.
2008
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Details
Author
Title
Corporate rescue law : an Anglo-American perspective / Gerard McCormack.
Added Corporate Author
Imprint
Cheltenham, U.K. ; Northampton, Mass. : Edward Elgar, 2008.
Description
1 online resource (viii, 322 pages).
Series
Corporations, globalisation, and the law.
Elgaronline.
Elgaronline.
Formatted Contents Note
1. Introduction
2. Corporate restructuring law in the UK
3. Fundamental features of the US chapter 11
4. Entry routes and corporate control
5. The Automatic stay : barring individual creditor enforcement actions
6. Financing the debtor
7. The role of employees
8. The Restructuring plan
9. Conclusion.
2. Corporate restructuring law in the UK
3. Fundamental features of the US chapter 11
4. Entry routes and corporate control
5. The Automatic stay : barring individual creditor enforcement actions
6. Financing the debtor
7. The role of employees
8. The Restructuring plan
9. Conclusion.
Summary
This book offers an unprecedented and detailed comparative critique of Anglo-American corporate bankruptcy law. It challenges the standard characterisation that US law in the sphere of corporate bankruptcy is 'pro-debtor' and UK law is 'pro-creditor', and suggests that the traditional thesis is, at best, a potentially misleading over-simplification. Gerard McCormack offers the conclusion that there is functional convergence in practice, while acknowledging that corporate rescue, as distinct from business rescue, still plays a larger role in the US. The focus is on corporate restructurings with in-depth scrutiny of Chapter 11 of the US Bankruptcy Code and the UK Enterprise Act, and offers other comparative oversights.
Note
Title from cover.
Bibliography, etc. Note
Includes bibliographical references and index.
Linked Resources
Language
English
ISBN
9781848445109 e-book
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