features: group lending with joint liability, progressive lending, back-ended subsidy, and social capital. We propose a new … model of SGSY having these features: group lending with individual liability, progressive lending, back-ended subsidy, and … social capital. "Joint liability" clause of the existing model is replaced with individual liability in the new model. The …

United States, the potential mechanisms for addressing mass tort liability as well as their shortcomings, the tools available … related claims for resolution in a single forum through litigation of common threshold issues of liability. The Article …

Many countries' insolvency systems focus on restructuring financial liabilities, and ignore operational liabilities … such as leases and long-term supplier contracts. We model insolvency procedures with and without operational restructuring … operating restructuring is a key aspect of insolvency. …

their mass tort liability. While corporate attraction to bankruptcy’s unique features partially explains this evolution … both forced firms into insolvency and dictated the outcomes in their bankruptcy cases. Using several case studies, this … intervention. Reciprocally, if mass tort liability does not migrate entirely to bankruptcy, the fiduciary duties and consensual …

This paper builds on the recent work of Groote Schaarsberg, Reijnierse and Borm (2018) on mutual liability problems. In … essence, a mutual liability problem comprises a financial network in which agents may have both monetary individual assets and … these liabilities by reallocating the individual assets, mutual liability rules are analyzed that are based on centralized …