Commencement of Insolvency Proceedings

1

Edited by Dennis Faber, Niels Vermunt, Jason Kilborn, and Tomás Richter

Oxford International and Comparative Insolvency Law

The most detailed country-by-country analysis of national insolvency laws concerning the commencement of insolvency proceedings enabling readers to understand the key points and pitfalls of the law of each jurisdiction featured.
Includes most major legal families in 20 jurisdictions allowing access in English to otherwise inaccessible materials.
Clear layout and uniform structure of national reports offers key information at a glance.
Extensive references and bibliography provide the principal sources of national insolvency law.
The new Oxford International and Comparative Insolvency Law Series will provide a comparative analysis of all important aspects of insolvency proceedings and domestic insolvency laws in the main economically developed and emerging countries, starting with the opening of proceedings.

Commencement of Insolvency Proceedings

1

Edited by Dennis Faber, Niels Vermunt, Jason Kilborn, and Tomás Richter

Oxford International and Comparative Insolvency Law

Description

This is the first volume in the new Oxford International and Comparative Insolvency Law Series. The series will provide a comparative analysis of all important aspects of insolvency proceedings and domestic insolvency laws in the main economically developed and emerging countries, starting with the opening of proceedings.

This volume addresses the commencement of insolvency proceedings over business debtors and the conditions in which they may arise. It explains the types of proceedings available and the participants involved. The book also analyzes the effect of such action on the various players, assets and liabilities concerned.

The detail and uniform nature of the treatment of topics helps practitioners to understand specific features of a foreign legal system and effectively brief foreign counsel. For all readers, the book provides access, through analysis in the detailed commentary, to materials that were previously only available in a foreign language. Most major legal families (including various mixed legal systems) are covered to reflect the needs of the international insolvency community and intergovernmental organizations.

This is the only book that offers a thorough comparative analysis of existing domestic insolvency laws concerning the opening of insolvency proceedings in the main economically developed and emerging countries.

Commencement of Insolvency Proceedings

1

Edited by Dennis Faber, Niels Vermunt, Jason Kilborn, and Tomás Richter

Oxford International and Comparative Insolvency Law

1. Introduction, Dennis Faber, Jason Kilborn, Tomas Richter, Niels Vermunt
2. Australia, Christopher Symes
3. Belgium, Eric Dirix and Roel Fransis
4. Brazil, Rachel Sztajn, Paulo Fernando Campos Salles de Toledo and Fernando Cesar Nimer Moreira da Silva
5. Cameroon, Ngaundje Leno Doris
6. Canada, Stephanie Ben-Ishai
7. China, Wang Weiguo
8. Czech Republic, Tomas Richter
9. England, Gerard McCormack
10. Germany, Christoph Paulus and Matthias Berberich
11. India, Vaneeta Patnaik
12. Israel, David Hahn
13. Malaysia, Aishah Bidin
14. Mexico, Carlos Sanchez-Mejorada
15. The Netherlands, Dennis Faber and Niels Vermunt
16. Poland, Marek Porzycki
17. Spain, Ignacio Tirado
18. South Africa, Kathleen van der Linde
19. South Korea, Soogeun Oh and Heejong Song
20. Sweden, Annina H. Persson and Marie Karlsson Tuula
21. Tanzania, Benhajj Masoud
22. USA, Jason Kilborn

Commencement of Insolvency Proceedings

1

Edited by Dennis Faber, Niels Vermunt, Jason Kilborn, and Tomás Richter

Oxford International and Comparative Insolvency Law

Author Information

Edited by Prof. Dennis Faber, Radboud University Nijmegen / Clifford Chance LLP, Mr. Niels Vermunt, Radboud University Nijmegen / Linklaters LLP, Prof. Jason Kilborn, Radboud University Nijmegen / John Marshall Law School (Chicago) and Prof. Tomás Richter, Radboud University Nijmegen / Clifford Chance LLP / Charles University Prague

Dennis Faber is Professor of private and commercial law at the Business & Law Research Centre of the Radboud University Nijmegen, The Netherlands, and member of its Executive Board. He is senior adviser with Clifford Chance LLP, Amsterdam Office, and justice at The Hague Court of Appeal. Prof. Faber is co-editor of the Oxford International and Comparative Insolvency Law Series.

Niels Vermunt is a senior researcher and lecturer in the field of private and commercial law at the Business & Law Research Centre of the Radboud University Nijmegen, The Netherlands, and secretary of its Executive Board. He is also adviser with Linklaters LLP, Amsterdam Office (Banking & Capital Markets Department). Niels Vermunt is co-editor of the Oxford International and Comparative Insolvency Law Series.

Jason Kilborn is Professor of Law at John Marshall Law School (Chicago) and Professor of International and Comparative Insolvency Law at the Business & Law Research Centre of the Radboud University Nijmegen, The Netherlands. He chairs the World Bank drafting group on the treatment of insolvency of natural persons and is a member of the World Bank working group on insolvency.

Tomás Richter is Of Counsel in the Prague office of Clifford Chance LLP and is Professor of Cross-border Corporate Insolvency Law at the Business & Law Research Centre of the Radboud University Nijmegen, The Netherlands. He also teaches at the Institute of Economic Studies, Faculty of Social Sciences, Charles University Prague.

Contributors:

Australia
- Christopher Symes, University of Adelaide

Belgium
- Eric Dirix, University of Leuven (K.U.Leuven) and Supreme Court of Belgium
- Roel Fransis, University of Leuven (K.U.Leuven) and Liedekerke-Wolters-Waelbroeck-Kirkpatrick, Brussels

Brazil
- Rachel Sztajn, University of São Paulo Law School
- Paulo Fernando Campos Salles de Toledo, University of São Paulo Law School
- Fernando César Nimer Moreira da Silva, business consultant

Cameroon
- Ngaundje Leno Doris, University of Pretoria

Canada
- Stephanie Ben-Ishai, Osgoode Hall Law School, Toronto

People's Republic of China
- Wang Weiguo, China University of Political Science and Law, Beijing

Czech Republic
- Tomáš Richter, Clifford Chance LLP, Prague; Radboud University Nijmegen and Charles University Prague

England
- Gerard McCormack, University of Leeds

France
- Cécile Dupoux, Linklaters LLP, Paris
- Carole Nerguararian, Linklaters LLP, Paris

Germany
- Christoph G. Paulus, Humboldt University Berlin
- Matthias Berberich, Hengeler Mueller, Berlin

Israel
- David Hahn, Official Receiver of Israel

Mexico
- Carlos Sánchez-Mejorada y Velasco, Sánchez-Mejorada y Asocidos

The Netherlands
- Dennis Faber, Radboud University Nijmegen; Clifford Chance LLP, Amsterdam and The Hague Court of Appeal
- Niels Vermunt, Radboud University Nijmegen and Linklaters LLP, Amsterdam

Poland
- Marek Porzycki, Jagiellonian University of Krakow

South Africa
- Kathleen van der Linde, University of Johannesburg

The Republic of Korea (South Korea)
- Soogeun Oh, Ewha Womans University, Seoul
- Heejong Song, Ewha Womans University, Seoul

Spain
- Ignacio Tirado, Universidad Autonoma of Madrid and The World Bank

Sweden
- Annina H. Persson, Örebro University
- Marie Karlsson Tuula, University of Gothenburg

Tanzania
- Benhajj S. Masoud, Nottingham Trent University and Open University of Tanzania

United States
- Jason Kilborn, John Marshall Law School, Chicago and Radboud University Nijmegen

Commencement of Insolvency Proceedings

1

Edited by Dennis Faber, Niels Vermunt, Jason Kilborn, and Tomás Richter

Oxford International and Comparative Insolvency Law

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What should we do with failed businesses?

By Jason Kilborn What should we do with failed businesses? This question has plagued societies around the world for centuries. With the advent of formal bankruptcy or insolvency procedures in the Middle Ages, the questions have multiplied as societies on every continent except Antarctica have struggled to implement the most effective techniques for managing private economic collapse.

Posted on June 6, 2012

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