1.

Record Nr.

UNINA9910782834603321

Autore

Bachner Thomas

Titolo

Creditor protection in private companies : Anglo-German perspectives for a European legal discourse / / Thomas Bachner [[electronic resource]]

Pubbl/distr/stampa

Cambridge : , : Cambridge University Press, , 2009

ISBN

1-107-20150-0

1-282-10389-X

9786612103896

0-511-51745-9

0-511-57655-2

0-511-51547-2

0-511-51794-7

0-511-51440-9

0-511-51675-4

Descrizione fisica

1 online resource (xxxvi, 315 pages) : digital, PDF file(s)

Collana

International corporate law and financial market regulation

Disciplina

346.077

Soggetti

Private companies - Germany - Finance

Corporations - Finance - Law and legislation - Germany

Debtor and creditor - Germany

Corporation reserves - Law and legislation - Germany

Directors of corporations - Legal status, laws, etc - Germany

Private companies - Great Britain - Finance

Corporations - Finance - Law and legislation - Great Britain

Debtor and creditor - Great Britain

Corporation reserves - Law and legislation - Great Britain

Directors of corporations - Legal status, laws, etc - Great Britain

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Title from publisher's bibliographic system (viewed on 05 Oct 2015).

Nota di bibliografia

Includes bibliographical references (p. 283-304) and index.

Nota di contenuto

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.

Sommario/riassunto

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.