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International rescue insolvency regimes

By: Language: English Series: Lovells Real Estate Quarterly ; Summer 2009, 8-10(3)Publication details: 2009Subject(s): Summary: International insolvency laws have a distinctly local feel when it comes to rescuing businesses. Each country has its own set of insolvency rules to deal with corporate failures. The UK way is compared to practice in the United States, France, Germany and Spain. The disparity between insolvency laws and the possibility of rescuing a company under its existing management has led to insolvency tourism, particularly in the case of German companies migrating to the UK for insolvency purposes.
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Journal article London Journal article L148517 (Browse shelf(Opens below)) 1 Available 148517-1001

International insolvency laws have a distinctly local feel when it comes to rescuing businesses. Each country has its own set of insolvency rules to deal with corporate failures. The UK way is compared to practice in the United States, France, Germany and Spain. The disparity between insolvency laws and the possibility of rescuing a company under its existing management has led to insolvency tourism, particularly in the case of German companies migrating to the UK for insolvency purposes.