Micro, Small, and Medium Enterprise Insolvency

A Modular Approach
Erscheinungsjahr 2018
ISBN: 978-0-19-879993-1
Verlag: Oxford University Press (UK)

Buch, Englisch, 256 Seiten, Format (B × H): 163 mm x 236 mm, Gewicht: 567 g

This new book systematically examines the current process for distressed Micro, Small and Medium Enterprises (MSMEs), and proposes a different, more appropriate, 'modular' approach to the treatment of such entities when faced with insolvency proceedings.

MSMEs play a vital role in virtually all global economies. They are a primary means by which entrepreneurs bring new business propositions to the market, and deliver a range of products and services to local economies. MSMEs tend to be more reliant on favourable legal and regulatory climates to survive and thrive than larger businesses, and insolvency regimes are often more tailored to these larger businesses, assuming an extensive insolvency estate of significant worth, and the presence of

creditors and other concerned stakeholders to participate in and oversee the process. These assumptions and features are generally incongruous with the reality of MSMEs, for whom assets are of less value and whose stakeholders are generally more disinterested.

The modular approach proposed in this book addresses the imbalances, inconsistencies, and lack of supervision which is often apparent in treatment of insolvent MSMEs. It provides an overview of existing approaches to MSME insolvency, the place of MSMEs in the global economy, and the particular needs of MSMEs in financial distress. It then sets out the procedural framework, policy objectives, and key components of the modular approach, detailing how a choice of modules enables national

policy-makers a more flexible process for resolution. It then outlines the roles, positions, and obligations of key stakeholder groups, and explains the managerial, administrative, and judicial functions of this approach. Finally, it explains how elements of the broader legal system should be aligned with,

and supportive of, the optimal functioning of the modular approach.

Autoren/Hrsg.

Mokal, Riz

Davis, Ronald

Mazzoni, Alberto

Mevorach, Irit

Romaine, Madam Justice Barbara

Sarra, Janis

Tirado, Ignacio

Madaus, Stephan

Fachgebiete

• Wirtschaftswissenschaften Betriebswirtschaft Unternehmensorganisation, Corporate Responsibility Selbstständige & Freiberufler
• Wirtschaftswissenschaften Betriebswirtschaft Unternehmensorganisation, Corporate Responsibility Kleine und Mittlere Unternehmen
• Rechtswissenschaften Wirtschaftsrecht Handels- und Gesellschaftsrecht Allgemeines und Gesamtdarstellungen (Gesellschaftsrecht)
• Rechtswissenschaften Internationales Recht und Europarecht Internationales Recht Internationales Öffentliches Recht, Völkerrecht, Internationale Organisationen
• Rechtswissenschaften Allgemeines Verfahrens-, Zivilprozess- und Insolvenzrecht Insolvenzrecht, Konkurs, Unternehmenssanierung
• Wirtschaftswissenschaften Wirtschaftswissenschaften Wirtschaftswissenschaften: Allgemeines

Über Autor(innen)

Riz Mokal is a barrister at South Square Chambers and is Honorary Professor of Law and Legal Theory at University College London

Ronald Davis is Associate Professor of Law at the University of British Columbia, Canada.

Stephan Madaus is Professor of Law at the Martin-Luther-University Halle-Wittenberg, Germany

Alberto Mazzoni is Professor of Commercial Law and International Trade Law at the Catholic University of Milan, and President of UNIDROIT

Irit Mevorach is Professor of International Commercial Law at the University of Nottingham

Madam Justice Barbara Romaine is a Justice of the Alberta Court of Queen's Bench, Canada

Janis Sarra is UBC Presidential Distinguished Professor at University of British Columbia, Canada

Ignacio Tirado is Professor of Law at Universidad Autonoma De Madrid