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Creditor Protection in Private Companies
Thomas Bachner
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Description for Creditor Protection in Private Companies
hardcover. Investigates mechanisms in English and German law that protect creditors against the abuse of limited liability by directors and shareholders. Series: International Corporate Law and Financial Market Regulation. Num Pages: 352 pages. BIC Classification: 1DBKE; 1DBKW; 1DFG; LAM; LNCD. Category: (P) Professional & Vocational. Dimension: 228 x 152 x 20. Weight in Grams: 68.
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. ... Read more
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. ... Read more
Product Details
Format
Hardback
Publication date
2009
Publisher
Cambridge University Press United Kingdom
Number of pages
352
Condition
New
Series
International Corporate Law and Financial Market Regulation
Number of Pages
352
Place of Publication
Cambridge, United Kingdom
ISBN
9780521895385
SKU
V9780521895385
Shipping Time
Usually ships in 7 to 11 working days
Ref
99-16
About Thomas Bachner
Thomas Bachner is Assistant Professor at the Vienna University of Economics and Business Administration.
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