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The European Commission has proposed a directive on ‘preventive restructuring frameworks' for financially distressed firms. I demonstrate that the proposal is flawed because it creates a refuge for failing firms that should be liquidated, because it rules out going concern sales for viable...
Persistent link: https://www.econbiz.de/10012965920
If a seller delivers a good non-conforming to contract, European and US warranty law allows consumers to choose between … use non-conformity as a pretext for getting rid of a contract he no longer wants. We show that this possibility of …
Persistent link: https://www.econbiz.de/10010365843
on national contract law and the private enforcement of EU financial regulation. The main hypothesis of this study is … national contract law. Starting from this hypothesis, the chapter explores the potential conflicts that might arise between the … ESMA's (quasi) regulatory and supervisory powers and national contract law and it argues that the new powers of ESMA will …
Persistent link: https://www.econbiz.de/10013011519
The main objective of the paper is to discuss the EU private international law of the insurance contracts after the entry into force of the Rome I Regulation. Its system of connecting factors is commonly criticised due to its complex and casuistic character. The author believes that the current...
Persistent link: https://www.econbiz.de/10014179594
Dans cet article, nous examinons s'il est nécessaire de toujours imposer une nouvelle législation spécifique ou si une application conséquente de la loi en vigueur des contrats suffirait.In this article we investigate whether it is necessary to always impose new specific legislation or...
Persistent link: https://www.econbiz.de/10013077610
Persistent link: https://www.econbiz.de/10011695883
Persistent link: https://www.econbiz.de/10004998571
This article argues that punitive, nominal, contemptuous, vindicatory, and disgorgement damages (commonly referred to as non-compensatory damages) can be collectively analysed as public interest damages because all these awards are justified by violations of public interests in addition to...
Persistent link: https://www.econbiz.de/10012843998
The second of a two-part "handbook" — the first has been simultaneously posted on author's SSRN page — this pithy article details the potential defenses available to financial institutions and the issues that all parties should be prepared to address when proposing or rebuffing a claim...
Persistent link: https://www.econbiz.de/10012844312
On Nov. 10, 1978, President Jimmy Carter signed a lightly amended version of House Resolution 14279 into law. Days later, Rhode Island's Fernand St. Germain made clear its primary purpose: the modernization of the existing bank regulatory system. Tucked within this bill lay the Electronic Funds...
Persistent link: https://www.econbiz.de/10012844313