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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Main Author: Aurelio GURREA-MARTINEZ
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2019
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Online Access: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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Institution: Singapore Management University
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spelling 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
institution Singapore Management University
building SMU Libraries
continent Asia
country Singapore
Singapore
content_provider SMU Libraries
collection InK@SMU
language English
topic Bankruptcy
Corporate Insolvency
Debt restructuring
Debtor
Debtor in possession
Reorganization
Banking and Finance Law
Business Organizations Law
spellingShingle 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
description 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.
format text
author Aurelio GURREA-MARTINEZ,
author_facet Aurelio GURREA-MARTINEZ,
author_sort 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
publisher Institutional Knowledge at Singapore Management University
publishDate 2019
url 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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