This textbook deals with the foundations and key issues of corporate insolvency law and approaches the topic from a comparative perspective, i.e. it does not concentrate on one insolvency law in particular but rather introduces the relevant rules from various jurisdictions, primarily England (and Wales), France, Germany, and those of the USA. It is case focused and designed for learning and teaching corporate insolvency law.

This second edition of Commentary on the European Insolvency Regulation expands upon what has become a widely cited work on the recast EU Regulation on Insolvency Proceedings. It incorporates important developments in the case law since the Regulation was recast in 2015, as well as other significant updates. As with the first edition, it provides a detailed article-by-article commentary on the Regulation, written by a group of expert scholars and practitioners from a range of European jurisdictions. Drawing on a rich body of CJEU and national case law, as well as scholarly developments, analysis of the Regulation is accompanied by a chapter explaining the background to the Regulation's enactment and recasting, identifying its key features, and examining the relationship between the Regulation and new European Restructuring Directive. As well as retaining the distinctive features of the first edition-the multi-jurisdictional focus of the expert contributors, and in-depth examination of the legislative provision and case law -the second edition offers new analysis of issues that have arisen since the publication of the first edition in 2016, including updates on the impact of Brexit and the passage of the European Restructuring Directive in 2019. This edition of Commentary on the European Insolvency Regulation is therefore a key new work for all those who advise or research on the topic of European insolvency law.

This book examines the circumstances under which a company needs restructuring, and for which companies that would be possible given the nature of the corporation and the economic viability. It discusses the criteria for judging whether a reorganization has been a success. Bork considers the legal mechanisms involved in restructuring including the extent to which the law provides the rules for a moratorium and the rights creditors may exercise over the debtor's assets. It also tackles the legal processes and how a reorganization can be commenced. The book includes analysis of the role of management and the partners or shareholders and the extent to which either legal system assigns the decision-making powers to the right persons. It considers how each regime deals with the assets involved and whether there are rules to reverse payments made during the crisis and the possibility of a set-off claim. Other aspects considered include special rules for terminating or modifying disadvantageous contracts including contracts of employment, and costs of restructuring procedures under given legal conditions. Providing a thorough consideration of the extent to which English and German company law (including the proposed changes to German law) enhances or limits the prospects of businesses seeking to reorganize, this work offers a valuable reference source for practitioners advising companies on where to base their restructuring and gives scholars further research material concerning the remaining issues in English and German restructuring law.

The first edition of this textbook was published in 2016, but since then the legal and factual scenario of European cross-border insolvency law has changed dramatically. In particular, three main events have occurred. First of all, the prescriptions of Regulation (EU) 2015/848 (Recast) have become applicable; second, the UK has left the European Union, without this completely reducing the meaning of the regulation for the UK though; and third, the European Union has enacted Directive (EU) 2019/1023 on preventive restructuring and insolvency. Moreover, since 2016, the Court of Justice of the European Union (CJEU) has delivered significant new judgments, albeit regarding the Regulation (EU) 1346/2000; national courts have started applying the prescriptions of Regulation (EU) 2015/848; scholars have produced numerous papers and commentaries on Regulation (EU) 2015/848; and the United Nations Commission on International Trade Law (UNCITRAL) has issued relevant new documents such as the 2018 'Model Law on Recognition and Enforcement of Insolvency-Related Judgments' and the 2019 'Model Law on Enterprise Group Insolvency'. The second edition of this textbook maintains its original purpose of providing readers with a user-friendly framework so that they may understand the rationale of Regulation (EU) 2015/848 and be consistent in their application of its prescriptions. However, in order to analyse the impact of the new events and discuss the most recent interpretations of judges and scholars, each chapter has been given new bibliographical references, supplemented with further observations, and, in some cases, even reorganised.

Reinhard Bork stellt in seinem Lehrbuch die grundlegenden Institutionen des Bürgerlichen Rechts dar. Es soll sowohl den Einstieg in das Bürgerliche Recht ermöglichen als auch Fortgeschrittenen und Praktikern auf dem Gebiet des Allgemeinen Teils des BGB als Nachschlagewerk dienen. Für die 4. Auflage wurde das gesamte Buch gründlich überarbeitet und insbesondere die seit der letzten Auflage erschienene Rechtsprechung und Literatur eingearbeitet. Außerdem erforderte die Berücksichtigung der Verbraucherrechterichtlinie erhebliche Veränderungen. "Bork schafft es wie kein anderer ein fachlich hochkarätiges Lehrbuch zu schreiben, und dabei den Boden der Tatsachen nicht zu vergessen. ElbeLaw.de (04/2011) "[...] der von Bork verfasste AT besticht von Anfang bis Ende durch seine prägnante und strukturierte Darstellung sowie durch sprachliche Klarheit." Dirk Olzen JURA - Juristische Ausbildung - 2011, 275 "Klar strukturiert und sprachlich prägnant schweift er nie vom vorgegebenen Pfad ab, sondern erfüllt das abstrakte Thema mit Leben. Einmal durchgearbeitet, ist der Grundstein für überdurchschnittliche Noten im Zivilrecht gelegt." Mirko Laudon JuraBiblio.de - http://www.jurabiblio.de/2011/09/bork-allgemeiner-teil-des-bgb.html (09/2011) "Ein auffallend positiver Punkt ist damit die sehr gut gelungene Darstellung der Zusammenhänge der verschiedenen §§ des Bürgerlichen Gesetzbuches. Es werden so nicht nur die Inhalte und Diskussionen gezeigt, sondern es wird ein umfassendes Verständnis beim Leser erzeugt. Es wird ein Bezug zu anderen Teilen des BGB geschaffen, der entweder später im Studium oder für Fortgeschrittene Verbindungen offenlegt wie in sonst kaum einem Buch." Matthias Gebhardt www.studjur-online.de (05/2011)