La requérante, qui n'avait plus, en droit interne, la capacité d'agir au nom de la société dont elle avait été la gérante, disposait néanmoins d'un intérêt à agir en son nom propre devant la Cour et a vu son droit d'accès à un tribunal limité de manière excessive.

What determines securitization levels, and should they be regulated? To address these questions we develop a model where originators can exert unobservable effort to increase expected asset quality, subsequently having private information regarding quality when selling ABS to rational investors....

This empirical paper investigates the paths leading to the resolution of financial distress for a sample of small and medium-sized French firms in default, focusing in particular on their decisions between bankruptcy and informal (out-of-court) renegotiations. The procedure is depicted as a...

This paper examines the impact of China's 2007 Administrative Measures on Information Disclosure by Listed Companies (“AMID”) on the information environment for Chinese listed companies. AMID requires continuous disclosure of price sensitive information and prohibits the selective disclosure...

The "law and finance theory" predicts that the common law system provides the best basis for financial development and economic growth, followed by Scandinavian and German origin civil law and finally French origin civil law. Referring to a number of sceptical views, this paper argues that the...

This article examines the concept of corporate governance and provides an overview of the current state of legislation at the European and Austrian level, highlighting the crucial importance of transparency and disclosure requirements as components of corporate governance. A comparison of legal...

The characterisation of a security interest as 'fixed' or 'floating' has generated much litigation in English courts. This is because a floating charge is subordinated by statute to other claims in the debtor's insolvency, whereas a fixed charge is not. This paper uses the example of the...