Item Infomation
Title: | Mid-Crisis Restructuring Law Reform in the United Kingdom |
Authors: | Zwieten, Kristin van |
Issue Date: | 2023 |
Publisher: | Springer |
Abstract: | Economic shocks create insolvency law-making space, generating opportunities for legal reform that may be absent in good times. Policymakers may suddenly acquire a mandate to resource institutions or drive through a change in the law where in good times such reforms were likely to be foiled by interest group capture, or simply unlikely to get sufficient political traction. A crisis, then, is an opportunity for the well-prepared insolvency policymaker. Insolvency rule-making in crisis conditions is, however, plainly also risky. Making best use of the opportunity implies making more than temporary changes to the regime. But design choices made mid-crisis will almost inevitably be influenced by the features of the crisis itself, generating a risk that the result of the reform effort will be distorted law, ill-suited to the achievement of the lawmaker’s objectives in the long run. |
Description: | CC-BY |
URI: | https://link.springer.com/article/10.1007/s40804-023-00288-0 https://dlib.phenikaa-uni.edu.vn/handle/PNK/9205 |
Appears in Collections | OER - Pháp luật - Thể chế xã hội |
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