Corporate Insolvency Law
Perspectives and Principles

A new and substantially revised edition which looks critically at the broad effect and conceptual underpinnings of corporate insolvency law.

Vanessa Finch (Author), David Milman (Author)

9781107629554, Cambridge University Press

Paperback / softback, published 19 October 2017

836 pages
24.7 x 17.4 x 4.4 cm, 0.47 kg

This new edition of Corporate Insolvency Law builds on the unique and influential analytical framework established in previous editions - which outlines the values to be served by insolvency law and the need for it to further corporate as well as broader social ends. Examining insolvency law in the fast-evolving commercial world, the third edition covers the host of new laws, policies and practices that have emerged in response to the fresh corporate and financial environments of the post-2008 crisis era. This third edition includes a new chapter on the growing issue of cross border insolvency and deals with a host of recent developments, notably; the consolidation of the rescue culture in the UK, the rise of the pre-packaged administration, and the substantial replacement of administrative receivership with administration. Suitable for advanced undergraduate and graduate students, professionals and academics, Corporate Insolvency Law offers an organised basis for rising to the challenges of an ever-shifting area of the law.

Part I. Agendas and Objectives: 1. The roots of corporate insolvency law
2. Aims, objectives and benchmarks
Part II. The Context of Corporate Insolvency Law: Financial and Institutional: 3. Insolvency and corporate borrowing
4. Corporate failure
5. Insolvency practitioners and turnaround professionals
Part III. The Quest for Turnaround: 6. Rescue
7. Informal rescue
8. Receivers and their role
9. Administration
10. Pre-packaged administrations
11. Company arrangements
12. Rethinking rescue
Part IV. Gathering and Distributing the Assets: 13. Gathering the assets: the role of liquidation
14. The pari passu principle
15. Bypassing pari passu
Part V. The Impact of Corporate Insolvency: 16. Directors in troubled times
17. Employees in distress
18. Cross border insolvency
19. Conclusion.

Subject Areas: Company, commercial & competition law [LNC]