How an economy handles financial and business distress has a major impact on confidence in business, the availability of investment, the cost of credit, and economic growth. The financial crisis of 2007-2008 and its aftermath was a catalyst to legal reform in the field of bankruptcy and restructuring law and brought an added focus to the systemic threat of bank failure to the financial system. This book explores the general principles and practice of legal reform within bankruptcy. From a variety of specialists including practitioners, lawyers, bankers, accountants and judges from the United Arab Emirates, the UK and Singapore, it provides a variety of perspectives on the topic. Chapters include topics such as the 'Four Pillars of Regulatory Framework', the history and application of the UNCITRAL Model Law on Cross-Border Insolvency, the challenges for financial institutions and the treatment of the insolvency of natural persons. The book also offers a comparative study of Islamic Shari'ah principles with modern bankruptcy regimes, an analysis of bankruptcy in the UAE and an evaluation of the legal infrastructure of the DIFC Courts. The authors explore core questions surrounding bankruptcy law, including its ability to facilitate the turnaround of business, to enable efficient reallocation of capital, to provide coherent rules for entrepreneurs, investors, employees, and creditors, and to provide for both appropriate sanctions and for rehabilitation. ?
With International Bankruptcy, Jodie Adams Kirshner explores the issues involved in determining which courts should have jurisdiction and which laws should apply in addressing problems within.
Through its analysis of globalization, this book has lessons for international organizations and developing and transition economies the world over.
Featuring research on topics such as business restructuring, debt recovery, and governance regulations, this book is ideally designed for law students, policymakers, economists, lawyers, and business researchers seeking coverage on the ...
See Marc Elliot, Is the Harmonisation of Laws a Practical Solution to the Problems of Cross-Border Insolvency? INSOLVENCY LAW & PRACTICE 227 (2000); see also Paul J. Omar, Jurisdictional Criteria and Paradigms in International ...
... sustainable economic development (p. 2). Palgrave Macmillan. doi:10.1007/978-1-137-56175-6_5 Doing Business in 2004. (2004). Understanding regulation. The International Bank for Reconstruction and Development ... Insolvency law. Quickly ...
... International insolvency review (Chichester, U.K.) 26:1:5–39, 2017. Hajjiri, T.M. and A. Cohen, eds. Global insolvency and bankruptcy practice for sustainable economic development. Basingstoke, U.K., Palgrave Macmillan, 2016. 2 vols ...
... Practice of Restructuring in the UK and US, and also co-author of 'An overview of corporate restructuring and insolvency law in England and Wales' in Global Insolvency and Bankruptcy Practice for Sustainable Economic Development: ...
At the second stage, the author purchased condensed Daily copies published between 1 January 2011 and 31 July 2015 ... 31 July 2015 because usually a public notice is advertised days or weeks after the reorganisation case is accepted.
... A., 2016, Macroeconomic Relevance of Insolvency Frameworks in a High-debt Context: An EU Perspective, EC, European Economy Discussion Paper 032. Cahir, B., and Quinn, M., 2020, Procedural aspects, Insol Europe Guidance Note, London.
The global economy has experienced four waves of rapid debt accumulation over the past 50 years.