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Creditor Protection in Private Companies

Anglo-German Perspectives for a European Legal Discourse

Specificaties
Gebonden, 352 blz. | Engels
Cambridge University Press | e druk, 2009
ISBN13: 9780521895385
Rubricering
Juridisch :
Cambridge University Press e druk, 2009 9780521895385
Onderdeel van serie International Corpor
Verwachte levertijd ongeveer 9 werkdagen

Samenvatting

Limited liability companies form the backbone of our modern economy. However, there is a persistent danger of moral hazard on the part of directors and shareholders, particularly in closely held or private companies. Like all developed legal systems, English and German law both provide mechanisms designed to protect creditors from such risks. This book investigates some of these mechanisms, including the avoidance of pre-insolvency acts, capital maintenance and creditor-regarding duties of directors. By analysing the different conceptual and doctrinal perspectives inherent in the English and German systems, this book seeks to advance a discourse between audiences with different legal backgrounds. It will be an invaluable guide for those wishing to understand how the protective mechanisms operate and interact with each other, and how they do so in quite different ways in the two jurisdictions.

Specificaties

ISBN13:9780521895385
Taal:Engels
Bindwijze:Gebonden
Aantal pagina's:352

Inhoudsopgave

1. Introduction; 2. Avoidance of acts that are detrimental to creditors; 3. Capital maintenance and unlawful distributions; 4. Directors' liability for contraventions of capital maintenance rules; 5. Directors' liability for conduct in the vicinity of insolvency; Conclusions.

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        Creditor Protection in Private Companies