Corporate rescue law--an Anglo-American perspective
G. McCormack · 2008
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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.
Book details
- Year
- 2008
- Language
- English
- Series
- Corporations, globalisation and the law
- Publisher
- E. Elgar
- Editions
- 1
- Pages
- 322
- ISBN
- 9781847202741
Data source: Wikidata
