The Leading eBooks Store Online 4,385,058 members ⚫ 1,459,539 ebooks

New to eBooks.com?

Learn more

Creditor Protection in Private Companies

Anglo-German Perspectives for a European Legal Discourse

Creditor Protection in Private Companies by Thomas Bachner
Buy this eBook
US$ 128.00 US$ 114.99
(If any tax is payable it will be calculated and shown at checkout.)
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.
Cambridge University Press; April 2009
353 pages; ISBN 9780511512759
Read online, or download in secure PDF format
Title: Creditor Protection in Private Companies
Author: Thomas Bachner