Financing Corporate Rescues, Where Does the UK Stand?

In this paper Akpareva Aruoriwo aims to evaluate the adequacy of the framework available for the financing of corporate rescues in the UK. She examines the legal provision made for prioritising creditors who get involved after an insolvency has been declared, with reference to examples from America...

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Main Author: Akpareva Aruoriwo
Format: Article
Language:English
Published: University of London 2014-05-01
Series:IALS Student Law Review
Online Access:https://journals.sas.ac.uk/index.php/lawreview/article/view/2080
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spelling doaj-c817d11e63df49f4a3763862ab7272082020-11-25T02:35:43ZengUniversity of LondonIALS Student Law Review2053-76462014-05-0110.14296/islr.v1i2.20802080Financing Corporate Rescues, Where Does the UK Stand?Akpareva AruoriwoIn this paper Akpareva Aruoriwo aims to evaluate the adequacy of the framework available for the financing of corporate rescues in the UK. She examines the legal provision made for prioritising creditors who get involved after an insolvency has been declared, with reference to examples from America and Canada. Without post-insolvency funding, companies may find it very difficult to survive, and without protection for post-insolvency creditors, those creditors may not wish to provide this sort of funding. The author examines the arguments for and against this kind of creditor protection, looking at past calls for reforms to the law and the preparedness of the UK to adopt any reforms.https://journals.sas.ac.uk/index.php/lawreview/article/view/2080
collection DOAJ
language English
format Article
sources DOAJ
author Akpareva Aruoriwo
spellingShingle Akpareva Aruoriwo
Financing Corporate Rescues, Where Does the UK Stand?
IALS Student Law Review
author_facet Akpareva Aruoriwo
author_sort Akpareva Aruoriwo
title Financing Corporate Rescues, Where Does the UK Stand?
title_short Financing Corporate Rescues, Where Does the UK Stand?
title_full Financing Corporate Rescues, Where Does the UK Stand?
title_fullStr Financing Corporate Rescues, Where Does the UK Stand?
title_full_unstemmed Financing Corporate Rescues, Where Does the UK Stand?
title_sort financing corporate rescues, where does the uk stand?
publisher University of London
series IALS Student Law Review
issn 2053-7646
publishDate 2014-05-01
description In this paper Akpareva Aruoriwo aims to evaluate the adequacy of the framework available for the financing of corporate rescues in the UK. She examines the legal provision made for prioritising creditors who get involved after an insolvency has been declared, with reference to examples from America and Canada. Without post-insolvency funding, companies may find it very difficult to survive, and without protection for post-insolvency creditors, those creditors may not wish to provide this sort of funding. The author examines the arguments for and against this kind of creditor protection, looking at past calls for reforms to the law and the preparedness of the UK to adopt any reforms.
url https://journals.sas.ac.uk/index.php/lawreview/article/view/2080
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