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Books > Law > Laws of other jurisdictions & general law > Financial, taxation, commercial, industrial law > Commercial law
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Corporate Rescue - An Overview of Recent Developments (Hardcover, 2nd New edition)
Loot Price: R7,798
Discovery Miles 77 980
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Corporate Rescue - An Overview of Recent Developments (Hardcover, 2nd New edition)
Expected to ship within 10 - 15 working days
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Corporate rescue laws have long been recognized as a necessary
alternative to liquidation. However, it is only in recent years
that governments and virtually all major international economic
interest groups have realised the important role that corporate
rescue can play - not only in supporting businesses that are viable
but experiencing temporary difficulties, but also in forestalling
financial difficulties by requiring effective corporate governance
processes, in resolving systemic financial crises, and in
bolstering the economy. It is primarily to corporate rescue
procedures and reforms adopted at the domestic level that this book
is devoted. Individual chapters - each written by an expert or team
of experts from the country under scrutiny - consider recent
developments and prospects for the future in China, Cyprus, England
and Wales, France, Germany, Greece, Hong Kong, Hungary, Italy, New
Zealand, Poland, South Africa, Spain, and the United States. These
countries were chosen because they reflect different stages of
development in corporate rescue laws. Some have mature systems in
their second or third stages of revision; some have relatively
antiquated systems that have been inherited from, or modelled on,
the laws of another jurisdiction; and some are transitional
economies where the concept of corporate rescue is comparatively
new. A final chapter covers important issues stemming from conflict
of laws and supranational models and guidelines. It emerges clearly
from these reform processes that, while no single optimal set of
corporate rescue laws can be devised, there is a clearly discemible
global movement under way toward reform in the service of
preserving economic value at the company level. In the meantime,
however, it is also clear that insolvency practitioners and the
courts will need to take the initiative in applying and testing new
laws to ensure their ultimate effectiveness. For this reason - in
addition to the book's great practical and legal academic value -
"Corporate Rescue" is sure to be widely read and used as a basic
text for many years to come.
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