The Rise and Fall of Regulatory Competition in Corporate Insolvency Law in the European Union

被引：5

作者：

Eidenmueller, Horst ^{[1
,2
]}

机构：

[1] Univ Oxford, Commercial Law, Oxford, England

[2] European Corp Governance Inst, Brussels, Belgium

来源：

EUROPEAN BUSINESS ORGANIZATION LAW REVIEW | 2019年 / 20卷 / 03期

关键词：

Insolvency; Bankruptcy; Restructuring; Regulatory competition; Brexit; European directive;

D O I：

10.1007/s40804-019-00160-0

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

In this article, I discuss the rise and fall of regulatory competition in corporate insolvency law in the European Union. The rise is closely associated with the European Insolvency Regulation (EIR, 2002), and it is well documented. The UK has emerged as the 'market leader', especially for corporate restructurings. The fall is about to happen, triggered by a combination of factors: the recasting of the EIR (2017), the European Restructuring Directive (ERD, 2019) and Brexit (2019). The UK will lose its dominant market position. I present evidence to support this hypothesis.

引用

页码：547 / 566

页数：20

共 28 条

[1] The Rise and Fall of Regulatory Competition in Corporate Insolvency Law in the European Union
Horst Eidenmüller
European Business Organization Law Review, 2019, 20 : 547 - 566
[2] Corporate restructuring and creditor power: Evidence from European insolvency law reforms
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[9] Regulatory competition in European company law and creditor protection
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