The recent debt reduction operation carried out by Technicolor using the proceeds of two capital increases (one reserved for an institutional investor, the other maintaining shareholders' preferential subscription rights), just two years after the end of the bankruptcy proceedings, raises...

The relationship between law and economic development remains enigmatic. There is no doubt that, broadly speaking, legal mechanisms for social control (or “institutions,” to use North’s words) play a major role. Nevertheless, the impact of legal organization on economic development has not...