American Bankruptcy Law Journal最新文献_第4页

The Austere Creditor: Austerity, Bankruptcy Policy and Government Debt Collection 严厉的债权人:紧缩、破产政策和政府债务催收

3区社会学

American Bankruptcy Law Journal Pub Date : 2019-03-31 DOI: 10.1017/9781316711484.006

引用次数: 0

Moral Hazard and Bankruptcy Abuse Prevention 道德风险与破产滥用预防

3区社会学

American Bankruptcy Law Journal Pub Date : 2019-03-31 DOI: 10.1017/9781316711484.007

引用次数: 0

The Limits of Contractual Consumer Bankruptcy 契约性消费者破产的界限

3区社会学

American Bankruptcy Law Journal Pub Date : 2019-03-31 DOI: 10.1017/9781316711484.005

引用次数: 0

A Consumer Bankruptcy Marketplace 消费者破产市场

3区社会学

American Bankruptcy Law Journal Pub Date : 2019-03-31 DOI: 10.1017/9781316711484.004

引用次数: 0

Conclusion 结论

3区社会学

American Bankruptcy Law Journal Pub Date : 2019-03-31 DOI: 10.1017/9781316711484.008

引用次数: 0

Establishing Corporate Insolvency: The Balance Sheet Insolvency Test 确立公司破产:资产负债表破产测试

3区社会学

American Bankruptcy Law Journal Pub Date : 2019-03-19 DOI: 10.2139/SSRN.3355248

Dr Kubi Udofia

{"title":"Establishing Corporate Insolvency: The Balance Sheet Insolvency Test","authors":"Dr Kubi Udofia","doi":"10.2139/SSRN.3355248","DOIUrl":"https://doi.org/10.2139/SSRN.3355248","url":null,"abstract":"Cash flow and balance sheet insolvency tests are the two predominant means of determining insolvency. A company is cash flow or commercially insolvent if it is unable to pay its debts as they fall due. Balance sheet or technical insolvency occurs where the value of a company’s assets is less than the amount of its liabilities, taking into account both contingent and prospective liabilities. The term liabilities is broader than debts as it encompasses liquidated and unliquidated liabilities arising from contracts, tort, restitution etc. \u0000 \u0000Commercial insolvency is clearly the more prominent of the tests. In its analysis of resolving insolvency in assessing ease of doing business in Nigeria in 2019, the World Bank Group stated the basis for insolvency proceedings in Nigeria as being inability to pay debts as they mature. This typifies a widely held misconception that technical insolvency is not recognized under Nigerian law. \u0000 \u0000Establishing commercial insolvency is comparatively easier. Commercial insolvency may be established by the neglect of a debtor to pay a single due debt. In the context of restructuring, a creditor’s immediate concern is often the debtor’s ability to make payments as they mature as opposed to whether its assets are sufficient to meet its present and future liabilities. Unsurprisingly, virtually all reported cases of winding-up of companies for inability to pay debts are premised on commercial insolvency under section 409(a) of the Companies and Allied Matters Act 1990 (CAMA). \u0000 \u0000Despite its seeming obscurity, balance sheet insolvency test is commonly employed in commercial transactions as an event of default. This provides counterparties with early warning signs in ongoing or long-term contracts where there are no avenues of making demands capable of triggering commercial insolvency.","PeriodicalId":44862,"journal":{"name":"American Bankruptcy Law Journal","volume":"15 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2019-03-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"89178415","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 2

The Private International Law of Companies in Germany 德国国际公司私法

3区社会学

American Bankruptcy Law Journal Pub Date : 2019-03-19 DOI: 10.2139/SSRN.3355688

C. Gerner-Beuerle, M. Siems

引用次数: 0

Alternatives to Bankruptcy in South Africa That Provides for a Discharge of Debts: Lessons from Kenya 南非提供债务清偿的破产选择:来自肯尼亚的经验教训

3区社会学

American Bankruptcy Law Journal Pub Date : 2019-03-12 DOI: 10.17159/1727-3781/2019/V22I0A5364

Z. Mabe

{"title":"Alternatives to Bankruptcy in South Africa That Provides for a Discharge of Debts: Lessons from Kenya","authors":"Z. Mabe","doi":"10.17159/1727-3781/2019/V22I0A5364","DOIUrl":"https://doi.org/10.17159/1727-3781/2019/V22I0A5364","url":null,"abstract":"The problems faced by debtors in South Africa is not that there are no alternatives to insolvency proceedings, but that the available alternatives do not provide for a discharge of debt as with a sequestration order, which is ultimately what the debtor seeks to achieve. Debtors in South Africa can make use of debt review in terms of the National Credit Act 34 of 2005 or administration orders in terms of the Magistrates' Court Act 32 of 1944 to circumvent the sequestration process. However, both debt review and administration orders do not provide for a discharge of debt and provide for debt-restructuring only, in order to eventually satisfy the creditor's claims. Attention is given to the sequestration process and the alternatives to sequestration as they relate specifically to the discharge or lack of a discharge of a debtor's debts. The South African law is compared to Kenyan Law. This article seeks to analyse the alternatives to the bankruptcy provisions of the newly enacted Kenyan Insolvency Act 18 of 2015 in order to influence the possible reform of insolvency law in South Africa. Like the South African Insolvency Act, the old Kenyan Bankruptcy Act (Cap 53 of the Laws of Kenya) also did not have alternatives to bankruptcy. The old Kenyan Bankruptcy Act, however, contained a provision on schemes of arrangement and compositions. The Kenyan Insolvency Act now caters for alternatives to bankruptcy and provides a wide range of alternatives to bankruptcy, some of which allow debtors in different financial positions to obtain a discharge. \u0000 \u0000 ","PeriodicalId":44862,"journal":{"name":"American Bankruptcy Law Journal","volume":"2 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2019-03-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"81687079","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 1

Can an Invoice Be a Basis for Filing a Suit Under Order 37 of the Code of Civil Procedure, 1908? 根据1908年《民事诉讼法》第37号命令，发票可以作为提起诉讼的依据吗?

3区社会学

American Bankruptcy Law Journal Pub Date : 2019-02-19 DOI: 10.2139/ssrn.3337317

Shivam Goel

引用次数: 0

Основные политико-правовые аргументы pro и contra идеи субординации займов участников юридических лиц (Main Political and Legal pro and contra Arguments of the Idea of Loan Subordination for Members of Legal Entities)

3区社会学

American Bankruptcy Law Journal Pub Date : 2019-01-03 DOI: 10.2139/ssrn.3691584

Ainur Shaidullin

{"title":"Основные политико-правовые аргументы pro и contra идеи субординации займов участников юридических лиц (Main Political and Legal pro and contra Arguments of the Idea of Loan Subordination for Members of Legal Entities)","authors":"Ainur Shaidullin","doi":"10.2139/ssrn.3691584","DOIUrl":"https://doi.org/10.2139/ssrn.3691584","url":null,"abstract":"Russian Abstract: В статье рассматриваются ключевые доводы, которые обсуждаются в российском и зарубежном научном дискурсе применительно к вопросу о необходимости понижения в очередности (субординации) займов участников юридических лиц. Главными аргументами в пользу субординации являются злоупотребление принципом ограниченной ответственности, стимулирование более раннего открытия процедуры, недопустимость переноса финансовых рисков, создание ложной видимости платежеспособности и др. Основное возражение против состоит в том, что понижение в очередности дестимулирует попытки санации общества вне формальной процедуры несостоятельности (банкротства). Автор приходит к выводу, что изложенные аргументы наряду с зарубежным опытом должны приниматься во внимание при разработке оптимального регулирования в России. \u0000 \u0000English Abstract: The author considers the key arguments that are discussed in the Russian and foreign scientific discourse in relation to the need to reduce the priority (subordination) of loans for members of legal entities. The main arguments in favor of subordination are the abuse of the limited liability principle, stimulation of an earlier opening of the procedure, inadmissibility of the transfer of financial risks, and the creation of false solvency, etc. The main objection is that the reduction in priority discourages the attempts to reorganize the company outside the formal insolvency (bankruptcy) procedure. The author reaches the conclusion that the presented arguments along with foreign experience should be taken into account in the development of an optimal regulation in Russia. \u0000 \u0000Full text in Russian: https://zakon.ru/magazine/vestnik_ekonomicheskogo_pravosudiya_rf_ranee_vestnik_vas_rf/558.","PeriodicalId":44862,"journal":{"name":"American Bankruptcy Law Journal","volume":"23 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2019-01-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"89765762","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 1