QUISTCLOSE TRUSTS FROM A CORPORATE INSOLVENCY PERSPECTIVE: A POSITIVE AND NORMATIVE ANALYSIS

IF 1.5 2区社会学 Q1 LAW

Cambridge Law Journal Pub Date : 2022-11-01 DOI:10.1017/S0008197322000514

Adam Hofri-Winogradow, Galeano David

引用次数: 0

Abstract

Abstract Leading cases show Quistclose trusts being used by companies nearing insolvency. Their use in this context raises serious normative problems: it may prefer the beneficiary to the company's other creditors, and creates a misleading impression that trust funds are in fact free of trust. Building on the emergent normative literature on Quistclose trusts, we first examine which Quistclose trusts are currently allowed under company law and the law of corporate insolvency. We then discuss the normative question as to which Quistclose trusts should be allowed, given the principles of these branches of the law.

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企业破产视角下的QUISTCLOSE信托&一个实证与规范分析

主要案例表明，接近破产的公司正在使用questclose信托。在这种情况下使用信托基金引发了严重的规范问题:它可能更倾向于受益人而不是公司的其他债权人，并造成一种误导的印象，即信托基金实际上是不受信托的。在关于奎斯特克洛斯信托的新兴规范文献的基础上，我们首先考察了哪些奎斯特克洛斯信托目前在公司法和公司破产法下是允许的。然后，我们讨论关于哪些奎斯特克洛斯信托应该被允许的规范性问题，考虑到这些法律分支的原则。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Cambridge Law Journal LAW-

CiteScore

1.10

自引率

6.70%

发文量

期刊介绍： The Cambridge Law Journal publishes articles on all aspects of law. Special emphasis is placed on contemporary developments, but the journal''s range includes jurisprudence and legal history. An important feature of the journal is the Case and Comment section, in which members of the Cambridge Law Faculty and other distinguished contributors analyse recent judicial decisions, new legislation and current law reform proposals. The articles and case notes are designed to have the widest appeal to those interested in the law - whether as practitioners, students, teachers, judges or administrators - and to provide an opportunity for them to keep abreast of new ideas and the progress of legal reform. Each issue also contains an extensive section of book reviews.