The European Restructuring Directive (Elgar Corporate and Insolvency Law and Practice series) - Hardcover

McCormack, Gerard

 
9781789908800: The European Restructuring Directive (Elgar Corporate and Insolvency Law and Practice series)
Hardcover
ISBN 10: 1789908809 ISBN 13: 9781789908800
Publisher: Edward Elgar Publishing Ltd, 2021

Synopsis

This comprehensive book provides a clear analysis of the European Restructuring Directive, which aims to improve national frameworks governing business restructuring and insolvency as well as to provide debt relief for individuals. Gerard McCormack explores the key aspects of the Directive including the moratorium on litigation and enforcement claims against the financially-troubled business, the provision for new financing, the division of creditors into classes, the introduction of a restructuring plan and the rules for approval of the plan by a court or administrative authority.



Key features include:

  • a unique contextualisation of the Directive, situating it against the backdrop of earlier European initiatives
  • identification of important parallels with the UK scheme of arrangement and the new UK restructuring plan procedure embodied in the Corporate Insolvency and Governance Act 2020
  • a comparison of the Directive with Chapter 11 of the US Bankruptcy Code, the United Nations Commission on International Trade Law legislative guide on insolvency, and the World Bank’s Insolvency and Creditor Rights and Doing Business projects.



This important new book provides a detailed and practical analysis of the Directive and the implications for its transposition into national laws, making it an essential work for insolvency lawyers and practitioners, as well as EU policy makers. It will also be critical reading for academics and students of law, particularly those interested in commercial, insolvency, corporate and European law.

"synopsis" may belong to another edition of this title.

About the Author

Gerard McCormack, Professor of International Business Law, University of Leeds, UK

"About this title" may belong to another edition of this title.

Publisher
Edward Elgar Publishing Ltd
Publication date
2021
Language
English
ISBN 10 
1789908809
ISBN 13 
9781789908800
Binding
Hardcover
Number of pages
336