Explaining the choice between alternative insolvency regimes for troubled companies in the UK and Sweden

• Autores: Gary Cook, Keith Pond
• Localización: European journal of law and economics, ISSN 0929-1261, Vol. 22, Nº 1, 2006, págs. 21-47
• Idioma: inglés
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• Resumen

  • Over the past 20 years UK and Swedish insolvency law has moved in the direction of company rescue rather than enforcing secured creditor priority. However, both countries show a low take up rate of rescue procedures.Over the past 20 years UK and Swedish insolvency law has moved in the direction of company rescue rather than enforcing secured creditor priority. However, both countries show a low take up rate of rescue procedures.