Comparative insolvency law : the pre-pack approach in corporate rescue / Bo Xie, Lecturer in Law, University of Dundee, UK.

Cheltenham, UK : Edward Elgar Publishing, [2016]

K1375 .X54 2016

9781781007372 (cased ; chlorine free paper)
1781007373 (cased ; chlorine free paper)
9781781007389 (eBook)
1781007381 (eBook)
9781781007389 (eBook)

xv, 311 pages ; 25 cm

(OCoLC)958796940

"[This book] argues that the most important development in contemporary insolvency law and practice is the shift towards a rescue culture rather than full creditor satisfaction. This book is the first to specifically examine the rise of the pre-packaged approach, which permits debtor companies to formulate a clear pre-arranged exit before entering into formal insolvency proceedings. The book offers a comparative and critical analysis of the law and practice of the pre-pack approach to corporate rescue in the UK, the USA, and in key EU jurisdictions, and explains the reasons behind the popularity of the UK as forum law for European companies approaching insolvency. Highlighting the advantages and shortcomings of the process, Bo Xie discusses in depth the different approaches adopted in these various jurisdictions to deal with opportunistic use of pre-packs. She also considers proposals to redress the balance within UK pre-packaged administrations by inserting higher transparency and scrutiny safeguards."-- Back cover.

Includes bibliographical references and index.

Online version: Xie, Bo, 1983- Comparative insolvency law. Cheltenham, UK : Edward Elgar Publishing Limited, [2016] 9781781007389 (OCoLC)964644541

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