Statutory Priorities in Corporate Insolvency Law

Statutory Priorities in Corporate Insolvency Law

Author: Christopher F. Symes

Publisher: Routledge

Published: 2016-12-05

Total Pages: 290

ISBN-13: 1351897977

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Who enjoys statutory preferred creditor status? What justifications exist for jurisdictions to maintain statutes that favour 'priority' creditors over other creditors and contributories? This book examines preferential debts derived from specific legislative provisions applying to corporate insolvency. In exploring the concept of preferential treatment, Statutory Priorities in Corporate Insolvency Law includes chapters that provide a doctrinal, theoretical and historical analysis of who enjoys preferred creditor status. As well as examining the traditional major categories of priorities, this work also identifies potential new categories for priority status such as environmental clean-up costs, international creditors, tort claimants and consumers among other non-consensual creditors. While the study focuses on Australian corporate insolvency law, where appropriate, comparisons are made with other common law jurisdictions, particularly the UK, Canada, New Zealand and the US.


Corporate Insolvency Laws

Corporate Insolvency Laws

Author: Australia. Parliament. Joint Committee on Corporations and Financial Services

Publisher:

Published: 2004

Total Pages: 277

ISBN-13: 9780642714008

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On 14 November 2002, the Parliamentary Joint Committee on Corporations and Financial Services agreed to consider and report on the operation of Australia's insolvency and voluntary administration laws. In its approach to the range of issues it had to consider, the Committee placed importance on the following objectives and values: encouraging early intervention in the affairs of companies in financial difficulties and restoring companies to profitable trading where practicable; striking a balance between voluntary administration and liquidation; protecting the interests of creditors and, in particular, employees in circumstances of financial difficulty and corporate malpractice; maximising the value of an insolvent company's assets; reducing the cost of credit; and encouraging the good management of companies and deterring malpractice, and in particular, abuses of the corporate form and insolvency procedures generally.


An Overview of the Legal, Institutional, and Regulatory Framework for Bank Insolvency

An Overview of the Legal, Institutional, and Regulatory Framework for Bank Insolvency

Author: International Monetary Fund. Monetary and Capital Markets Department

Publisher: International Monetary Fund

Published: 2009-04-17

Total Pages: 77

ISBN-13: 1498336051

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This study provides an overview of the legal, institutional, and regulatory framework that countries should put in place to address cases of bank insolvency. It is primarily intended to inform the work of the staffs of the International Monetary Fund (IMF) and World Bank, and to provide guidance to their member countries.


Corporate Insolvency Law

Corporate Insolvency Law

Author: Vanessa Finch

Publisher: Cambridge University Press

Published: 2002-09-12

Total Pages: 662

ISBN-13: 9780521626859

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Vanessa Finch provides an interesting look at corporate insolvency laws and processes. She adopts an interdisciplinary approach to place two questions at the centre of her discussion. Are current UK laws and procedures efficient, expert, accountable and fair? Are fundamentally different conceptions of insolvency law needed for it to develop in a way that serves corporate and broader social ends? Topics considered in this wide-ranging book include different ways of financing companies, causes of corporate failure and prospects for designing rescue-friendly processes. Also examined are alternative asset distribution of failed companies, allocations of insolvency risks and effects of insolvency on a company's directors and employees. Finch argues that changes of approach are needed if insolvency law is to develop with coherence and purpose. This book will appeal to academics and students at advanced undergraduate and graduate level, and to legal practitioners throughout the common law world.


A Global View of Business Insolvency Systems

A Global View of Business Insolvency Systems

Author: Jay Lawrence Westbrook

Publisher: Martinus Nijhoff Publishers

Published: 2010

Total Pages: 319

ISBN-13: 9004180257

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We live in an age of economic turmoil. The recent crises emphasize the need for modern, sophisticated rules to govern businesses in financial distress in order to realize value from distressed companies and to protect economic institutions. This book provides information for legislators, policymakers, lawyers, accountants, academics, and administrators who seek to understand the workings of insolvency laws. Guided by the World Bank’s Principles and Guidelines, it supplements the work in this field done by UNCITRAL.


Equity and Administration

Equity and Administration

Author: P. G. Turner

Publisher: Cambridge University Press

Published: 2016-05-26

Total Pages: 601

ISBN-13: 1107142733

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What is equity? This book explores modern equity's nature, especially its facilitative character and its role in common law systems.


Doing Business 2020

Doing Business 2020

Author: World Bank

Publisher: World Bank Publications

Published: 2019-11-21

Total Pages: 241

ISBN-13: 1464814414

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Seventeen in a series of annual reports comparing business regulation in 190 economies, Doing Business 2020 measures aspects of regulation affecting 10 areas of everyday business activity.


Doing Business in 2004

Doing Business in 2004

Author: Simeon Djankov

Publisher: World Bank Publications

Published: 2004

Total Pages: 222

ISBN-13: 9780821353417

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A co-publication of the World Bank, International Finance Corporation and Oxford University Press