“Corporate creditors face a unique risk of debtor opportunism in all jurisdictions. This is why all legal systems provide mechanisms designed to protect corporate creditors through a mix of regulatory strategies that reflects different styles of adjudication and enforcement, as well as diversity in insolvency proceedings. Nevertheless, it can be said, that we are witnessing a convergence of the legal strategies boosting creditor protection, which is to be welcomed.”Critically analyse this statement
Description “Corporate creditors face a unique risk of debtor opportunism in all jurisdictions. This is why all legal systems provide mechanisms designed to protect corporate creditors through a mix of regulatory strategies that reflects different styles of adjudication and enforcement, as well as diversity in insolvency proceedings. Nevertheless, it can be said, that we are […]