The future of reorganization procedures in the era of pre-insolvency law
Several countries and regions around the world, including Singapore, the United Kingdom, and the European Union are amending their restructuring framework to implement a pre-insolvency mechanism that looks like a US Chapter 11 reorganization. However, unlike what happens in the United States, where...
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sg-smu-ink.sol_research-56742022-02-08T01:34:05Z The future of reorganization procedures in the era of pre-insolvency law Aurelio GURREA-MARTINEZ, Several countries and regions around the world, including Singapore, the United Kingdom, and the European Union are amending their restructuring framework to implement a pre-insolvency mechanism that looks like a US Chapter 11 reorganization. However, unlike what happens in the United States, where unsuccessful reorganizations lead to Chapter 7 liquidations, companies using this ‘de facto Chapter 11’ (DFCH11) are still allowed to use the formal reorganization procedures existing in their insolvency jurisdictions if the DFCH11 fails. 2019-01-01T08:00:00Z text application/pdf https://ink.library.smu.edu.sg/sol_research/3716 https://ink.library.smu.edu.sg/context/sol_research/article/5674/viewcontent/the_future.pdf http://creativecommons.org/licenses/by-nc-nd/4.0/ Research Collection Yong Pung How School Of Law eng Institutional Knowledge at Singapore Management University Bankruptcy Corporate Insolvency Debt restructuring Debtor Debtor in possession Reorganization Banking and Finance Law Business Organizations Law |
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Bankruptcy Corporate Insolvency Debt restructuring Debtor Debtor in possession Reorganization Banking and Finance Law Business Organizations Law Aurelio GURREA-MARTINEZ, The future of reorganization procedures in the era of pre-insolvency law |
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Several countries and regions around the world, including Singapore, the United Kingdom, and the European Union are amending their restructuring framework to implement a pre-insolvency mechanism that looks like a US Chapter 11 reorganization. However, unlike what happens in the United States, where unsuccessful reorganizations lead to Chapter 7 liquidations, companies using this ‘de facto Chapter 11’ (DFCH11) are still allowed to use the formal reorganization procedures existing in their insolvency jurisdictions if the DFCH11 fails. |
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Aurelio GURREA-MARTINEZ, |
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Aurelio GURREA-MARTINEZ, |
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Aurelio GURREA-MARTINEZ, |
title |
The future of reorganization procedures in the era of pre-insolvency law |
title_short |
The future of reorganization procedures in the era of pre-insolvency law |
title_full |
The future of reorganization procedures in the era of pre-insolvency law |
title_fullStr |
The future of reorganization procedures in the era of pre-insolvency law |
title_full_unstemmed |
The future of reorganization procedures in the era of pre-insolvency law |
title_sort |
future of reorganization procedures in the era of pre-insolvency law |
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Institutional Knowledge at Singapore Management University |
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2019 |
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https://ink.library.smu.edu.sg/sol_research/3716 https://ink.library.smu.edu.sg/context/sol_research/article/5674/viewcontent/the_future.pdf |
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