. In this paper, we undertake a detailed examination of bankruptcy court opinions involving valuation disputes. Our paper …

of assets in bankruptcy. Using the random assignment of judges to bankruptcy cases as a natural experiment that forces … allocation of assets in bankruptcy …

interaction between the Member States' formal insolvency laws and the restructuring mechanism proposed. Further, we disagree with …Two events are currently changing the landscape for business restructurings in the European Union: the “Restructuring … Recommendation” (RR) of the European Commission, issued in 2014, and the 2015 recast of the European Insolvency Regulation (EIR). In …

debt, debt canellation, insolvency, restructuring, principles, non-performing loans …

, or preempted by restructuring, which is impeded by a collective action problem. We find that bankruptcy and restructuring … are complements, not substitutes: Reducing bankruptcy costs facilitates restructuring, rather than crowding it out. And so …We develop a model of a firm in financial distress. Distress can be mitigated by filing for bankruptcy, which is costly …

associated revenue losses will push many businesses into bankruptcy. No public policy response can recover these losses. States … shut-downs, and we compare treatment by the prevailing bankruptcy law with treatment by bail-ins or bail-outs along a range …

Since 2011, the European legislator has taken a new course of action on business failure and insolvency. For a long … time, substantive harmonisation was considered unfeasible in the area of insolvency law, however, the developments over the … Insolvency Law'. In part three some observations will be made with regard to the recent developments in the EU, including a …