International Insolvency and Finance Law: Legal Constants in Times of Crises DAlvia Daniele
International Insolvency and Finance Law: Legal Constants in Times of Crises DAlvia Daniele Focusing on the Global Financial Crisis 2007-2010 and the new emerging Covid-19 crisis in 2020, this book…
Specifikacia International Insolvency and Finance Law: Legal Constants in Times of Crises DAlvia Daniele
International Insolvency and Finance Law: Legal Constants in Times of Crises DAlvia Daniele
Focusing on the Global Financial Crisis 2007-2010 and the new emerging Covid-19 crisis in 2020, this book explores examines the discourse on risk and uncertainty in the markets through the lens of financial crises. Restructuring procedures are playing a vital role in businesses' survival, and new out-of-law mechanisms such as moratorium agreements and private workouts have become essential to preserve businesses. Such crises represent a failure of the law to regulate, and constitute the basis through which a new theory of legal constants can be introduced in comparative law.Crisis impose a dramatic reformulation of the law, the Covid-19 confirms this trend, and new out-of-law instance are appearing beyond a paternalistic approach of direct State regulation.
It is clear that the role of the law has completely changed, and this book argues that constants outside of the law are new