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ISBN: 9013031560Издательство: Aspen Publishers, Inc.
Год издания: 2005
Currently, in many countries - both in Europe and far beyond - existing insolvency legislation is being improved. These changes are often nurtured by the wish to prevent liquidation of companies as much as possible. Legislation aimed at deferment or remission of payment is introduced or relaxed in order to give companies a chance to become viable again. A more efficient possibility - in the form of an informal reorganisation - seems to be often overlooked by the legislators. This phenomenon of Restructuring in the Shadow of the Law - during which a company, in cooperation with its direct interested parties, makes an attempt at reorganisation outside the legal frameworks - takes centre stage in this study. Relatively little is known about informal reorganisations. This can be explained by the fact that they often take place away from the public domain. By means of literary search, interviews, surveys and 35 case studies - carried out at so-called Intensive Care Departments of banks and...