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Creditor protection in private companies : Anglo-German perspectives for a European legal discourse / Thomas Bachner.
- Format:
- Book
- Author/Creator:
- Bachner, Thomas, author.
- Series:
- International corporate law and financial market regulation
- Language:
- English
- Subjects (All):
- Private companies--Germany--Finance.
- Private companies.
- Corporation reserves--Law and legislation.
- Corporations--Finance--Law and legislation.
- Finance.
- Germany.
- Corporations--Finance--Law and legislation--Germany.
- Corporations.
- Debtor and creditor--Germany.
- Debtor and creditor.
- Corporation reserves--Law and legislation--Germany.
- Corporation reserves.
- Directors of corporations--Legal status, laws, etc--Germany.
- Directors of corporations.
- Directors of corporations--Legal status, laws, etc.
- Private companies--Great Britain--Finance.
- Corporations--Finance--Law and legislation--Great Britain.
- Debtor and creditor--Great Britain.
- Great Britain.
- Corporation reserves--Law and legislation--Great Britain.
- Directors of corporations--Legal status, laws, etc--Great Britain.
- Physical Description:
- 1 online resource (xxxvi, 315 pages) : digital, PDF file(s).
- Place of Publication:
- Cambridge : Cambridge University Press, 2009.
- System Details:
- text file
- Summary:
- Limited liability companies form the backbone of our modern economy. However, there is a persistent danger of moral hazard on the part of directors and shareholders, particularly in closely held or private companies. Like all developed legal systems, English and German law both provide mechanisms designed to protect creditors from such risks. This book investigates some of these mechanisms, including the avoidance of pre-insolvency acts, capital maintenance and creditor-regarding duties of directors. By analysing the different conceptual and doctrinal perspectives inherent in the English and German systems, this book seeks to advance a discourse between audiences with different legal backgrounds. It will be an invaluable guide for those wishing to understand how the protective mechanisms operate and interact with each other, and how they do so in quite different ways in the two jurisdictions.
- Contents:
- Introduction
- Avoidance of acts that are detrimental to creditors
- Capital maintenance and unlawful distributions
- Directors' liability for contraventions of capital maintenance rules
- Directors' liability for conduct in the vicinity of insolvency.
- Notes:
- Title from publisher's bibliographic system (viewed on 05 Oct 2015).
- Other Format:
- Print version:
- ISBN:
- 9780511576553
- Access Restriction:
- Restricted for use by site license.
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