Research Handbook on Corporate Restructuring: (Research Handbooks in Private and Commercial Law series)

This timely Research Handbook examines the increasingly economically vital topic of corporate restructuring. Reflecting a shift in the global approach to insolvency towards a focus on rescuing viable businesses rather than liquidation, chapters consider all areas of the law closely connected to corporate insolvency, rehabilitation and rescue, as well as the introduction of the EU Preventive Restructuring Directive and other reforms from around the world. Featuring international expert academics, practitioners and judges, the Research Handbook takes a thematic approach, exploring national and international models for rescue, stakeholders in insolvency, corporate structures and organisational models, specialist process issues, and institutional support, as well as interdisciplinary and cross-field aspects of insolvency and restructuring. Contributions analyse issues from a broad variety of perspectives, including the economic and social aspects of insolvency, and provide a comparative discussion of topics that will further inform global academic debate in this area. Scholars and students of corporate and insolvency law, commercial law, and law and economics, will find the inter-disciplinary legal, theoretical and jurisprudential discussion invaluable. The analysis of current reform agendas, practical and alternative solutions to common problems, and comparative approach will also be of interest to practitioners and policymakers.

Table of Contents:
Contents: Preface xii 1 Corporate rescue through the ages 1 Paul J. Omar PART I NATIONAL AND INTERNATIONAL MODELS FOR RESCUE 2 International organisations and the search for global insolvency standards 17 Gerard McCormack 3 The evolution of corporate rescue in Canada and the United States 40 Jassmine Girgis 4 The idea of rescue and the Chapter 11 model 59 Edward Janger 5 Trust as a turnaround technique to influence the continuity versus asset recovery decision of restructuring bankers: An empirical tale 73 J A A Adriaanse and J I van der Rest 6 Reforms in adverse economic climates: how reforms take place in the Eurozone 87 Catarina Serra, Alexandra Kastrinou and Giulia Vallar PART II STAKEHOLDERS IN INSOLVENCY 7 Involving secured creditors in restructuring proceedings 120 Francisco Garcimartín and Nuria Bermejo 8 Potential liability for directors during corporate restructuring: comparative perspectives 143 Jason Harris and Anil Hargovan 9 Employees as stakeholders in restructuring and insolvency: acquired rights and business transfers 166 Jennifer L. L. Gant 10 The position of shareholders in a restructuring 185 Stephan Madaus 11 Consumers, entrepreneurs and insolvency proceedings 201 Tuula Linna PART III CORPORATE STRUCTURES AND ORGANISATIONAL MODELS 12 Corporate groups 214 Jessica Schmidt 13 Bank insolvency – recovery and resolution 228 Andrew Campbell and Paula Moffatt 14 Making insolvency law responsive to the needs of financially distressed micro and small enterprises 246 Janis Sarra 15 Franchisees as externalities of insolvent franchisors: a windfall gain for employees? 261 Jenny Buchan 16 Insolvent partnerships: development of a normative framework based on a contractual paradigm 278 Rebecca Parry PART IV SPECIALIST PROCESS ISSUES 17 Insurance procedures in corporate insolvency: a comparison of the arrangements in the United Kingdom, Australia, and New Zealand 299 Robin Bowley 18 Pension rights and funds 327 David Pollard 19 Patent-rich firms and corporate restructuring: patent signalling, valuation, and governance 346 Janice Denoncourt 20 The impact of artificial intelligence on insolvency law and practice 377 Christoph Henkel PART V INSTITUTIONAL SUPPORT 21 The realm of soft law instruments in restructuring and insolvency law 401 Gert-Jan Boon and Bob Wessels 22 Cross-border corporate restructurings, judicial assistance and judge-made law: New Zealand and Cayman Island experiences 430 Hon Paul Heath QC and Hon Justice Ian Kawaley 23 Corporate insolvency practitioners: ethics and fiduciary duties 447 Lézelle Jacobs PART VI INTERDISCIPLINARY AND CROSS-FIELDS OF INSOLVENCY AND RESTRUCTURING 24 Overlooked human rights concerns in the restructuring and insolvency context 466 Chrystin Ondersma 25 The role of social policy in corporate rescue and restructuring: a messy business 476 Jennifer L L Gant 26 Law and economics of corporate financial difficulty 500 Jonathan Hardman 27 A behavioural law and economics perspective on EU restructuring and insolvency law 513 Annika Wolf 28 The analytical boundary between corporate reorganisation and sale in corporate bankruptcy theory 525 Sarah Paterson Index

About the Author :
Edited by Paul J. Omar, INSOL Europe Technical Research Coordinator and Senior Lecturer, De Montfort University, Leicester and Jennifer L.L. Gant, Senior Lecturer in Law, College of Business Law and Social Sciences, University of Derby, UK

Review :
‘Research Handbook on Corporate Restructuring is a “must-have” for college and university collections as well as the reading lists of professionals in the field. Highly recommended.’ 'This Research Handbook, ably edited by Paul Omar and Jennifer Gant, contains 28 chapters written by prominent academics, researchers and judges from a wide range of jurisdictions. It provides a range of timely perspectives against which to assess current and proposed corporate rescue laws. Specialist commentators draw on the law as well as other disciplines; analyse international and comparative elements, and address an impressive range of stakeholders, entities and institutions. This is a welcome resource on corporate restructuring for policy-makers, scholars and practitioners alike.' 'This is a thought provoking Handbook which makes a valuable and significant contribution to insolvency and restructuring scholarship. The editors have brought together leading commentators from across the globe and together they have produced an invaluable resource for insolvency research and policy development. The Handbook includes a broad repository of international insolvency procedures and thinking published at a time when restructuring measures will be stress tested like never before. For those navigating the choppy waters of insolvency this book makes an invaluable companion.'