UID:
almahu_9947414127402882
Format:
1 online resource (xxxvi, 315 pages) :
,
digital, PDF file(s).
ISBN:
9780511576553 (ebook)
Series Statement:
International corporate law and financial market regulation
Content:
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.
Note:
Title from publisher's bibliographic system (viewed on 05 Oct 2015).
,
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.
Additional Edition:
Print version: ISBN 9780521895385
Language:
English
Subjects:
Economics
,
Law
URL:
https://doi.org/10.1017/CBO9780511576553
URL:
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