This chapter deals with fundamental issues of corporate insolvency law. Particular attention is paid to the agency … structure of the chapter follows the issues as they arise in time in a corporate insolvency proceeding: objectives of insolvency … (corporate) insolvency laws. In terms of jurisdictions, the chapter mainly draws on the corporate insolvency laws in the US …

In an attempt to match US bankruptcy law, many European countries have reformed their insolvency laws towards a regime … difference-in-differences analysis around eight insolvency reforms in 15 European countries, this paper finds a relative increase …. Overall, the results are consistent with the view that creditors may be negatively affected by insolvency law reforms oriented …