Global Insolvency and Bankruptcy Practice for Sustainable Economic Development [electronic resource] : General Principles and Approaches in the UAE / by Dubai Economic Council, Adrian Cohen ; edited by Tarek Hajjiri.
Global Insolvency and Bankruptcy Practice for Sustainable Economic Development
Erişim Adresi
ISBN
9781137515759 978-1-137-51575-9
Dil Kodu
İngilizce
Yer Numarası
DK/2318
Yazar
Basım Bildirimi
1st ed. 2016.
Yayın Bilgisi
London : Palgrave Macmillan UK : Imprint: Palgrave Macmillan, 2016.
Fiziksel Niteleme
XII, 274 p. online resource.
Özet, vb.
How an economy handles financial and business distress has a major impact on confidence in business, the availability of investment, the cost of credit, and economic growth. The financial crisis of 2007-2008 and its aftermath was a catalyst to legal reform in the field of bankruptcy and restructuring law and brought an added focus to the systemic threat of bank failure to the financial system. This book explores the general principles and practice of legal reform within bankruptcy. From a variety of specialists including practitioners, lawyers, bankers, accountants and judges from the United Arab Emirates, the UK and Singapore, it provides a variety of perspectives on the topic. Chapters include topics such as the 'Four Pillars of Regulatory Framework', the history and application of the UNCITRAL Model Law on Cross-Border Insolvency, the challenges for financial institutions and the treatment of the insolvency of natural persons. The book also offers a comparative study of Islamic Shari'ah principles with modern bankruptcy regimes, an analysis of bankruptcy in the UAE and an evaluation of the legal infrastructure of the DIFC Courts. The authors explore core questions surrounding bankruptcy law, including its ability to facilitate the turnaround of business, to enable efficient reallocation of capital, to provide coherent rules for entrepreneurs, investors, employees, and creditors, and to provide for both appropriate sanctions and for rehabilitation. ?
Konu
Accounting.
Commercial law.
Economics.
Financial Accounting.
Commercial Law.
Economics.
Commercial law.
Economics.
Financial Accounting.
Commercial Law.
Economics.
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