The Unwritten Law of Corporate Reorganizations
Book Details
Format
Paperback / Softback
ISBN-10
1009061011
ISBN-13
9781009061018
Publisher
Cambridge University Press
Imprint
Cambridge University Press
Country of Manufacture
GB
Country of Publication
GB
Publication Date
May 26th, 2022
Print length
200 Pages
Weight
308 grams
Dimensions
15.20 x 22.80 x 1.60 cms
Product Classification:
Company, commercial & competition law
Ksh 5,600.00
Manufactured on Demand
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A set of unwritten principles, known only to a handful of judges and a small and closed fraternity of professionals, governs the fate of distressed firms in the United States. This book makes these principles accessible to academics, lawyers, and everyone else interested in understanding what happens to troubled businesses.
The law of corporate reorganizations controls the fate of enterprises worth billions of dollars and has reshaped entire sectors of the economy, yet its inner workings largely remain a mystery. Judges must police a small and closed fraternity of professionals as they sit down at a conference table and forge a new future for a distressed business, but little appears to tell judges how they are to do this. Judges, however, are in fact bound by a coherent set of unwritten principles that derive from a statute Parliament passed in 1571. These principles are not simply norms or customary practices. They have hard edges, judges must enforce them, and parties are bound by them as they are by any other law. This book traces the evolution of these unwritten principles and makes accessible a legal world that has long been closed off to outsiders.
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