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Every month, a fraction of UK property leases are extended for another 90 years or more. We use new data on thousands of these natural experiments from 2003 onwards to estimate the "natural rate of return on capital", \(r_K^\text{*}\), which also represents the long-run dividend-price ratio....
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Introduction -- Bank resolution techniques -- Bank resolution and bank groups -- Total loss absorbing capactiy -- Fundamentals of resolution authority -- Resolution of insured depoditory institutions -- Resolution of non-bank financial companies -- Resolution planning -- Resolution in the...
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harmonisation of insolvency law, has ignored the greater challenge that differences in political ideologies pose.The paper uses a … comparative analysis of the laws of France, Germany and England to ask whether the unique history of insolvency law makes it more …
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where insolvency is impending according to the current uneven company-law framework and the harmonizing provisions drafted … directors' creditor-regarding duties where the business is nearing insolvency. Whilst they may theoretically constitute an … by enhanced directors' duties in the vicinity of insolvency. On the contrary, far from duplicating the remedies available …
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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 …
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