Sponsor control: a new paradigm for corporate reorganization

VSJ Buccola - U. Chi. L. Rev., 2023 - HeinOnline
By common account, two contrasting eras have defined largescale corporate reorganization
since the Bankruptcy Code was enacted in 1978.1 For much of the Code's first twenty years …

The paradox of pledgeability

JR Donaldson, D Gromb, G Piacentino - Journal of Financial Economics, 2020 - Elsevier
We develop a model in which collateral serves to protect creditors from the claims of other
creditors. We find that, paradoxically, borrowers rely most on collateral when pledgeability is …

Claim Durability and Bankruptcy's Tort Problem

VSJ Buccola, JC Macey - Yale J. on Reg., 2021 - HeinOnline
Five months after the New Yorker surfaced allegations of sexual impropriety against Harvey
Weinstein,'the famed producer's firm, the Weinstein Company, filed for bankruptcy. 2 New …

Unwritten Law and the Odd Ones Out

VSJ Buccola - Yale LJ, 2021 - HeinOnline
To understand the logic of corporate reorganization, one should start not with the Bankruptcy
Code, nor with Supreme Court precedents, but with the lawyers, judges, and financiers for …

The bankruptcy partition

DG Baird, AJ Casey, RC Picker - University of Pennsylvania law review, 2018 - JSTOR
Many current bankruptcy debates—from critical vendor orders to the Supreme Court's
decision last year in Czyzewski v. Jevic Holding Corporation—begin with bankruptcy's …

Rethinking priority: The dawn of the relative priority rule and the new “best interests of creditors” test in the European Union

A Krohn - International Insolvency Review, 2021 - Wiley Online Library
This article identifies one aspect of the cross‐class cram‐down from the EU Directive on
restructuring and insolvency that has not drawn wide attention to date. In addition to giving …

[图书][B] The European Restructuring Directive

G McCormack - 2021 - books.google.com
This comprehensive book provides a clear analysis of the European Restructuring Directive,
which aims to improve national frameworks governing business restructuring and insolvency …

Fairness and Flexibility: Understanding Corporate Bankruptcy's Arc

SJ Lubben - U. Pa. J. Bus. L., 2020 - HeinOnline
The century and a half story of American corporate reorganization law exhibits a distinctive
pattern: a long, slow wave, drifting between flexibility and fairness, and back again.'Flexibility …

Corporate restructuring under relative and absolute priority default rules: a comparative assessment

JM Seymour, SL Schwarcz - U. Ill. L. Rev., 2021 - HeinOnline
This Article assesses the relative priority approach in the European Union's new
Restructuring Directive (" Directive") 1 from the comparative perspective of US bankruptcy …

Global Competition in Cross-Border Restructuring and Recognition of Centralized Group Solutions

I Kokorin, S Madaus, I Mevorach - Tex. Int'l LJ, 2021 - HeinOnline
Cooperation and coordination in the context of group insolvency can promote efficiency in
the administration of insolvency proceedings, resulting in the preservation of group …