Im Verlauf des Jahres 2010 geriet die Stabilität der Europäischen Währungsunion in Gefahr. Die bestehenden Mechanismen zur Krisenvermeidung schienen nicht zu wirken. Diskutiert wird, ob die Problemlösung bei den Staatshaushalten oder bei den Banken ansetzen sollte und ob neue...

The purpose of this book is to provide a coherent overview of the insolvency systems found around the world. Its intended audience includes academics, judges, lawyers, and policymakers. Its focus is on businesses rather than natural persons. The authors hope to give the reader a sense of some of...

The massive crisis lingering in the Eurozone for almost 4 years now has been confronted by an enhanced integration of fiscal policies and regulations, an increase in the control mechanisms by EU institutions, and by the creation of ex post crisis management instruments to deal with the severe...

The general trend away from traditional, formal insolvency proceedings opens up a vast area to private ordering, with all the associated opportunities and risks. The transition can be less costly if the resulting uncertainty is reduced to a minimum. This presents national legislators with a...

German Abstract: Dieser Beitrag listet eine Reihe politischer, ökonomischer und juristischer Gründe auf, die den Entscheidungsträgern die Notwendigkeit vor Augen führen sollen, dass die Einführung eines juristischen Verfahrens zur Lösung von Staatspleiten unabdingbar ist. Zwar ist die...

In this article, we use the Greek insolvency law and its present status as a role model for the demonstration of the central role insolvency law generally plays within a given economy. The Greek example amplifies in a particular instructive way the interrelationship between the functionality of...

The purpose of this book is to provide a coherent overview of the insolvency systems found around the world. Its intended audience includes academics, judges, lawyers, and policymakers. Its focus is on businesses rather than natural persons. The authors hope to give the reader a sense of some of...