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Creditor protection in private companies : Anglo-German perspectives for a European legal discourse
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ISBN: 9780521895385 0521895383 9780511576553 1107201500 9786612103896 0511517459 0511517947 0511576552 0511514409 128210389X 0511515472 0511516754 9780511517945 9781282103894 9781107201507 6612103892 9780511517457 9780511515477 9780511514401 9780511516757 Year: 2009 Publisher: Cambridge : Cambridge University Press,

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Abstract

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.

Keywords

Private companies --- Corporations --- Debtor and creditor --- Corporation reserves --- Directors of corporations --- Finance --- Law and legislation --- Legal status, laws, etc --- Legal status, laws, etc. --- Finance. --- -Corporations --- -346.077 --- Eb6 --- Business corporations --- C corporations --- Corporations, Business --- Corporations, Public --- Limited companies --- Publicly held corporations --- Publicly traded corporations --- Public limited companies --- Stock corporations --- Subchapter C corporations --- Business enterprises --- Corporate power --- Disincorporation --- Stocks --- Trusts, Industrial --- -Law and legislation --- -Finance --- -Corporation reserves --- -Private companies --- Law --- General and Others --- 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 --- Royaume-Uni --- Allemagne --- Corporate reserves --- Reserve funds, Corporation --- Reserves, Corporation --- Amortization --- Cash flow --- Reserves (Accounting) --- Sinking-funds --- Companies, Private --- Limited liability companies --- LLCs (Limited liability companies) --- Private limited companies --- Corporation law --- Limited liability --- Reserves --- Accounting

International loans, bonds guarantees, legal opinions.
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ISBN: 9781847032102 9781847032140 9781847032072 9781847032119 9781847032065 9781847032126 9781847032089 9781847032133 Year: 2007 Publisher: London Sweet and Maxwell

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GUARANTEES -- 351.82 --- LEGAL OPINIONS -- 351.82 --- INTERNATIONAL BOND ISSUES -- 351.82 --- AA / International- internationaal --- 347.730 --- 341.8 --- Conflict of laws --- -Conflict of laws --- International finance --- -340.97 --- Mc2.i --- International monetary system --- International money --- Finance --- International economic relations --- Choice of law --- Intermunicipal law --- International law, Private --- International private law --- Private international law --- Law --- Legal polycentricity --- Financiële instellingen: algemeen. --- Internationaal economisch recht. --- Bankruptcy --- Law and legislation --- Civil law --- 347.73 --- Security (Law) --- Suretyship and guaranty --- 347.734 --- 333.150 --- 347.731 --- Set-off and counterclaim --- Debtor and creditor --- Derivative securities --- -Payment --- Clearing of securities --- 346.077 --- Ib1.i --- Clearance of securities --- Clearing of stocks --- Settlement of securities --- Stock clearing --- Clearinghouses (Banking) --- Securities --- Banks and banking --- Payment --- Commercial law --- Extinguishment of debts --- Performance (Law) --- Balance of trade --- Derivative financial instruments --- Derivative financial products --- Derivative instruments --- Derivatives (Finance) --- Financial derivatives --- Structured notes (Securities) --- Cessio bonorum --- Insolvency --- Privileged debts --- Business failures --- Debt --- Creditor --- Contracts --- Obligations (Law) --- Credit --- Creditors' bills --- Fraudulent conveyances --- Liens --- Compensation (Civil law) --- Counterclaim --- Recoupment --- Bills of particulars --- Civil procedure --- Guaranty --- Principal and surety --- Sureties --- Surety law --- Accessory obligations --- Liability (Law) --- Comfort letters --- Delegation (Civil law) --- Subrogation --- Collateral security --- Secured transactions --- Financieel recht. Commerciele organisatie. Handelsinstellingen --- Bank- en spaarinstellingen (recht). --- Giro instellingen: algemeen. --- Wetgeving op effectenbeurzen, de goederenbeurzen en de deviezenbeurzen. Raider. --- Securities processing --- 347.740 --- 347.755 --- Asset-backed financing --- -Debtor and creditor --- Subordination agreements (Finance) --- 346.07 --- Ed4.g --- Bank loans --- Priorities of claims and liens --- Asset-backed securities --- Asset-based financing --- Asset securitization --- Securitization, Asset --- Corporations --- Covered bonds --- Juridische instrumenten van het krediet: algemeenheden. --- Leningcontract. Commerciële lening. Rente. Bankdeposito's. --- Commercial loans --- -Securities --- -Bonds --- -Suretyship and guaranty --- 343.032 --- Hc2.g --- Bond issues --- Debentures --- Negotiable instruments --- Debts, Public --- Stocks --- Commercial lending --- Loans, Commercial --- Loans --- Blue sky laws --- Capitalization (Finance) --- Investment securities --- Portfolio --- Scrip --- Securities law --- Underwriting --- Investments --- Investment banking --- 346.072 --- -AA / International- internationaal --- 347.736 --- -340.978 --- wetgeving i.v.m. faillissementen. Uitstel van betaling. --- 333.600 --- -346.092 --- Jb1.g --- Financiële markten. Kapitaalmarkten (algemeenheden). --- 347.73 Financieel recht. Commerciele organisatie. Handelsinstellingen --- Financiële instellingen: algemeen --- Bank- en spaarinstellingen (recht) --- Giro instellingen: algemeen --- Wetgeving op effectenbeurzen, de goederenbeurzen en de deviezenbeurzen. Raider --- Financiële markten. Kapitaalmarkten (algemeenheden) --- Internationaal economisch recht --- Juridische instrumenten van het krediet: algemeenheden --- Leningcontract. Commerciële lening. Rente. Bankdeposito's --- wetgeving i.v.m. faillissementen. Uitstel van betaling --- -Law and legislation --- -Bankruptcy

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