Working Paper
When trust is not enough : Bank resolution, SPE, Ring-fencing and group support
This discussion paper investigates the differences existing between the Single Point of Entry and the Multiple Point of Entry resolution models and...
Read moreContracting for a European Insolvency Regime
The European Commission has proposed a directive on ‘preventive restructuring frameworks’ for financially distressed firms. I demonstrate that...
Read moreMy Creditor’s Keeper: Escalation of Commitment and Custodial Fiduciary Duties in the Vicinity of Insolvency
Fiduciary duties in the vicinity of insolvency form a notoriously murky area where legal space warps. Courts openly acknowledge that it is difficult to...
Read moreComparative Corporate Insolvency Law
This chapter deals with fundamental issues of corporate insolvency law. Particular attention is paid to the agency problems related to ?bankruptcy...
Read moreA New Framework for Business Restructuring in Europe: The EU Commission's Proposals for a Reform of the European Insolvency Regulation and Beyond
This paper critically reviews the EU Commission?s proposals for a reform of the European Insolvency Regulation (EIR). The focus of the paper is on the...
Read moreWho Should Make Corporate Law? EC Legislation Versus Regulatory Competition
This paper makes a case for the future development of European corporate law through regulatory competition rather than EC legislation. It is for the...
Read moreWhat Can Restructuring Laws Do? Geopolitical Shocks, The New German Restructuring Regime, and The Limits of Restructuring Laws
In this article, I discuss the possibilities and limitations of restructuring laws against the background of geopolitical shocks such as the Covid-19...
Read moreGeneral Principles of EU Corporate and Insolvency Law
Over more than forty years, the European Union (formerly the European Community) has enacted a large number of directives aimed at harmonising company...
Read moreWhat is an insolvency proceeding?
Insolvency proceedings and issues relating to personal and business insolvencies are the daily subject of scholarly work and insolvency practice. But...
Read moreThe Privatization of Bankruptcy: Evidence from Financial Distress in the Shipping Industry
A generally accepted view is that sophisticated bankruptcy procedures are required to mitigate coordination failures and fire sale discounts arising...
Read moreRediscovering Corporate Governance in Bankruptcy
In this Essay on Lynn LoPucki and Bill Whitford?s corporate reorganization project, written for a symposium honoring Bill Whitford, I begin by very...
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