Promoting an Effective Rescue Culture with Debt-Equity-Swaps?
ISBN:
978-3-8487-1535-0
Verlag:
Nomos
Land des Verlags:
Deutschland
Erscheinungsdatum:
03.03.2015
Reihe:
Schriften zur Restrukturierung
Format:
Softcover
Seitenanzahl:
269
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The central question of this thesis is whether the restructuring instrument of a debt-equity swap pursuant to 225a InsO has contributed towards the making of substantial progress towards a rescue culture in Germany � following the English rescue culture � and thereby strengthened the competitiveness of Germany as a location for restructurings. The comparative analysis discusses the economic, cultural and legal frameworks to implement debt-equity-swaps under German and English law. It specifically addresses the implementation of a (solvent) scheme of arrangement for financial restructuring, which has been a very popular instrument in recent years for German companies, however, it also raises questions about the recognition of the scheme�s effect in Germany. Finally, there is discussion of the extent to which the new insolvency norms are suitable to solve conflicts in corporate law.
