The Challenges of Insolvency Law Reform in thè 21st Century - Facilitating Investment and Recovery to Enhance Economie Growth
←
→
Page content transcription
If your browser does not render page correctly, please read the page content below
HENRY PETER
NICOLAS JEANDIN
JASON KILBORN
Editors
The Challenges of
Insolvency Law Reform
st
in thè 21 Century
Facilitating Investment and Recovery
to Enhance Economie GrowthTableofContents
Preface n
Acknowledgements 13
I. Trigger Criteria
1. Triggering Criteria for Startìng and Stopping
Bankruptcy, US Legai Principles
LEIF CLARK 17
2. Bankruptcy and Reorganisation Trigger Criteria:
From a Retrospective (Balance Sheet) to a
Prospettive (Cash Flow) Test
HENRY PETER 33
3. Triggering Criteria in Bankruptcies: In Involuntary
Bankruptcy Proceedings, Should thè Gun Be
Pointed at thè Petitioning Creditors?
HOWARD J. STEINBERG 39
4. Compel Companies in Distress to Apply at an
Earlier Stage
VlNCENT JEANNERET 45^
5. Financing Start-Up Companies in Light of thè Rule
Governing Overindebtedness - Swiss Code of
Obligations Art. 725
CLARENCE PETER 51
IL Treatment of Privileged and Secured Stakeholders
6. Memorandum on thè Treatment of Certain Parties
in United States Bankruptcy Cases
ALLAN L. GROPPER 59
7. New Money and Privileges in Insolvency
Proceedings
DAVID A. SKEEL, JR. 67Table of Contents
8. Treatment of Stakeholders: Credit Extensions in
Chapter 11: Searching for Angels
HOWARD J. STEINBERG 77^
9. The Tension Between Bankruptcy and Secured
Credit: A High-Level Overview of a Long-Standing
Debate
ERIC A. WEBBER 83
10. Overview of thè Treatment of Stakeholders in
UK Corporate Insolvencies
JOHN ARMOUR 99
11. Security Interests and Reorganization:
A Clash of Institutions
RASHID BAHAR 113^
12. Equal Versus Privileged Treatment of Creditors in
Bankruptcy Proceedings Including thè Special
Case of Bank Insolvency
DANIEL ROTH 139
III. Long-Term Agreements
13. Resolving thè Conflict Between Creditors and thè
"Weak Party" in Long-Term Contracts in
Insolvency Cases
NICOLAS JEANDIN 153^
14. Iicense Agreements and Bankruptcy:
Uncertainties and Pitfalls Prevaii
MARK A. REUTTER 165
15. The Effect of Bankruptcy on Long-Term Agreements
HOWARD J. STEINBERG 179
16. Transfer of Business by a Distressed Company -
Applicability of Artide 333 of thè Swiss Code
of Obligations?
GUY VERMEIL
CHARLES SULMONI 185TableofContents
IV. Groups of Companies
17. Insolvency in a Group of Companies, Substantive
and Procedural Consolidation: When and How?
HENRY PETER 199
18. No Substantive Consolidation in thè Insolvency
of Groups of Companies
DANIEL STAEHELIN 213
19. The Swissair Case
KARL WÌÌTHRICH 221^
20. Groups of Companies: Substantive Consolidation
in thè U.S.
DAVID A. SKEEL, JR. 229
21. Consensual Substantive Consolidation: Comments
on thè Working Papers of Professor Skeel
and Dr. Staehelin
ERIC A. WEBBER 235
22. Practical Difficulties in Handling Group Insolvencies
STEPHEN J. TAYLOR 247
V. Dispute Resolution
23. Insolvency and International Arbitration
GABRIELLE KAUFMANN-KOHLER
LAURENT LÉVY 257
24. Mediation and Negotiation in a Court or in an
Out-of-Court Reorganization Procedure
ISAAK MEIER 285^
25. Mediation and Arbitration in Insolvency Situations
in Belgian Law
IVAN VEROUGSTRAETE 299
26. Ancillary Proceedings Under Section 304 of thè
United States Bankruptcy Code
ALLAN L. GROPPER 307Table of Contents
27. Confìdentiality and Publicity in Insolvency Law -
Is a Secret Court-Based Rescue Procedure Desirable?
ISAAK MEIER 315^
VI. Cross-Border Issues
28. The European Insolvency Regulation
JÉRÒME CARRIAT 331
29. Current Issues and Findings With Respect to thè
European Union Regulation on Cross-Border
Insolvency Proceedings (1346/2000)
MlCHAEL MARTINEZ FERBER 339
30. European Union Regulation on Cross-Border
Insolvency Proceedings (R1346/2000)
STEPHEN J. TAYLOR 347
31. The Duty to Seek Cooperation
in Multinational Insolvency Cases
JAY LAWRENCE WESTBROOK 361
32. Cross-Border Complexities in Resolving
Bank Insolvencies
ÈVA H. G. HÙPKES 373
VII. Reorganization
33. Continuation of Business During
Insolvency Proceedings
GERARD PATIO 389
34. Chapter 11 : Relevant Beyond thè U.S.
CHRISTOPHER MALLON 399
35. "Prepackaged Chapter 11 Pian" - Chances and
Limits of a Prenegotiated Reorganization in thè
Existing and Future Swiss Insolvency Law
ISAAK MEIER 407
36. Certain U.S. Federai Income Tax Issues Facing
Reorganizing Debtors
ELLIOT G. FREIER 417Table of Contents
37. Transfer of thè Debtor's Enterprise During thè
Composition Moratorium
SYLVAIN MARCHAND 425
38. Guidelines for a "Safe Haven" for Continuation and
Reorganization of Financially Distressed Companies
BERNHARD KÓNIG 441
39. Public Law Claims - Tax Incentives to Financially
Distressed Companies
IVAN VEROUGSTRAETE 447
40. Taxation of thè Distressed Company:
Finding thè Proper Balance
XAVIER OBERSON 461
41. Insolvency - What is Different About Banks?
ÈVA H. G. HÌÌPKES 471
Vili. National and International Models
42. Towards an Ideai System, The UNCITRAL
Legislation Guide on Insolvency Law
JEAN-LUC VALLENS 489
43. The Governance of Corporate Rescue in thè UK
JOHN ARMOUR 503
44. Some Theses Concerning Modern Swiss
Reorganization Law
HANS CASPAR VON DER CRONE
BETTINA KOPTA-STUTZ
Loie PFISTER 5i7_
45. Improvement of Bankruptcy Proceedings in France:
The Right Step Towards Investors
GEORGES A. CAVALIER 532
46. Aspects of thè New Bankruptcy Act in Finland
PEKKA JAATINEN 545Table of Contents
47. The Procedure According to thè "Unternehmens-
reorganisationsgesetz" Under Austrian Law:
A Failed Attempt at Regulating Pre-Insolvency
Reorganisation
PAUL O B E R H A M M E R 555_
48. Germany: The Bankers' Risks and Insolvency
Judge's Role
HEINZ VALLENDER 563
49. The Impact of thè European Convention on
Human Rights and Fundamental Liberties on
Insolvency Proceedings
GEORG E. KODEK 571
Fina! Recommendations 589
BiographiesofParticipants 593You can also read
