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Creditor Protection in Private Companies

By Thomas Bachner

Creditor Protection in Private Companies Law

Creditor Protection in Private Companies

By Thomas Bachner

- Default Title
Description
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.
Product details
Edition:
1
Number of Pages:
352
Release Date:
2009-03-31
Publication Date:
2009-04-16
Publisher:
Cambridge University Press
Languages:
Original: English
ISBN10:
11070128130521895383
ISBN13:
9780521895385
Weight:
685 g
Height:
156 cm
Width:
236 cm
Thickness:
22 cm
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