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Corporate insolvency in the United Kingdom: the impact of the Enterprise Act 2002

Abstract:

With effect from September 15, 2003, the Enterprise Act made significant changes to the governance of corporate rescue procedures in the United Kingdom which involved a shift away from a "concentrated creditor" model of governance towards a "dispersed creditor" model of governance which vests greater control rights in unsecured creditors collectively. These changes were motivated by fairness and efficiency concerns, notably the concern that the UK's administrative receivership procedure was n...

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Publication status:
Published
Peer review status:
Peer reviewed

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Publisher copy:
10.1515/ECFR.2008.148

Authors


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Institution:
University of Oxford
Oxford college:
Oriel College
Role:
Author
Publisher:
De Gruyter Publisher's website
Journal:
European Company and Financial Law Review Journal website
Volume:
5
Issue:
2
Publication date:
2008-06-01
DOI:
Source identifiers:
601109
Pubs id:
pubs:601109
UUID:
uuid:ec6de5eb-bdb1-46af-9348-c069b672f493
Local pid:
pubs:601109
Deposit date:
2017-01-18

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