The European Restructuring Directive Mccormack Hardback Edward Elgar

The European Restructuring DirectiveAuthor(s): Gerard McCormack\nFormat: Hardback\nPublisher: Edward Elgar Publishing Ltd, United Kingdom\nImprint: Edward Elgar Publishing Ltd\nISBN-13: 9781789908800, 978-1789908800\nSynopsis\nThis comprehensive book provides a clear analysis of the European Restructuring Directive, which aims to improve national frameworks governing business restructuring and insolvency as well as to provide debt relief for individuals. Gerard McCormack explores the key aspects of the Directive including the moratorium on litigation and enforcement claims against the financially-troubled business, the provision for new financing, the division of creditors into classes, the introduction of a restructuring plan and the rules for approval of the plan by a court or administrative authority.\nKey features include:\na unique contextualisation of the Directive, situating it against the backdrop of earlier European initiatives identification of important parallels with the .