European Bankruptcy Laws: Implications for Corporations Facing Financial Distress
比较英国、美国、法国和德国四国破产法在处理流动性受限但仍有生存能力的公司时的不同理念与政策,揭示各国法律框架的显著差异。
The United Kingdom, United States, France and Germany provide differing approaches for resolving the problems facing a viable liquidity-constrained firm. The four national bankruptcy codes are guided by different underlying philosophies and national policies, which lead to significant differences in their approaches to dealing with financial distress.