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Business, Finance & Law      Economics

Reinventing Insolvency Law in Emerging Economies

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Book Details
Language
English
Publishers
Cambridge University Press (13 Jun. 2024)
Weight
0.62 KG
Publication Date
13/05/2024
ISBN-10
1009431714
Pages
291 pages
ISBN-13
9781009431712
Dimensions
15.24 x 2.54 x 22.86 cm
SKU
9781009431712
Author Name
Aurelio Gurrea-Martínez (Author)
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This book explains how and why insolvency law in emerging economies needs to be reinvented. It starts by examining the importance of insolvency law for the promotion of economic growth as well as the similarities and divergences in the design of insolvency law around the world.

The central thesis of the book is that insolvency law in emerging economies fails to serve as a catalyst for growth. It is argued that this failure is mainly due to the design of an insolvency legislation that is not tailored to the market and institutional environment generally existing in emerging economies.

The book also provides a critical analysis of the design of insolvency law in many advanced economies where the insolvency system has proven to be unattractive for debtors, creditors or both. Therefore, in addition to suggesting a new insolvency framework for emerging economies, this book ultimately invites readers to rethink insolvency law.

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