Bestel deze publicatie

Distress Dynamics in Bankruptcy

Distress Dynamics in Bankruptcy
  • Year of publication 2015
Author:Jochem Hummelen
Category: Law Business and Commercial Law
Icon_printbook 978‐94‐6236‐629‐9 | 1st edition | € 75.00 / $ 112.50 / £ 69.00
Icon_ebook 978‐94‐6274‐434‐9 | ebook | € 74.99 / $ 112.50 / £ 69.00

A change in the dynamics of bankruptcy procedures is taking place in the Netherlands and United States. In the Netherlands, the opening of a bankruptcy procedure traditionally leads to the sale of the assets of the debtor and a distribution of the proceeds among creditors. In recent years, however, there has been increased attention for reform of Dutch bankruptcy law as to enhance its reorganizational possibilities and enable the saving of viable businesses. In the United States a trend in the opposite direction can be seen. Bankruptcy law of this country has traditionally been known for its reorganizational possibilities, but in recent years there has been a marked increase in asset sales and efforts have been undertaken to limit the abilities to rescue any businesses. These changed dynamics warrant a fundamental discussion about bankruptcy law. Not every business in trouble should be liquidated, but not every business in trouble should be saved either. Rather, the challenge is to ensure that if a business enters bankruptcy, this bankruptcy leads to an efficient outcome by formulating the right rules. This book aims to formulate these rules.

Author's information

Jochem Hummelen is a lawyer admitted to the Dutch bar and works at the Netherlands based, internationally operating law firm Houthoff Buruma in Amsterdam. He has published both in Dutch and in international law reviews on various topics of (comparative) bankruptcy law. He is a current member of the Netherlands Association of Comparative and International Insolvency Law and a participant in the NextGen Leadership Program of the International Insolvency Institute.