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Ana Birchall : Banking insolvency in post-socialist economies
Editura: UNIVERSUL JURIDIC ( 2006 )
ISBN: 973-8929-22-9
Oraş: Bucuresti
Limba: Engleza
Īncadrare: Economie, marketing si management
Preţ: 20 Lei
Stoc: 0
A study of insolvency law in central
european transition economies with
particular reference to the banking sector
"The main lesson and recommendation emerging
from my work is the necessity for the adoption of bankruptcy rules and
proceedings specialized for and adapted to banks and their key role in every
Post Socialist's Economy.
The bankruptcy law must provide for preventive
prudential measures and an effective early-warning system, but when bankruptcy
occurs, the law must allow for quick and effective exit in order to limit the
damages for the failed bank and the entire banking system and economy.
While comprehensive, I argue that bank bankruptcy
law should be intelligible and visible to the wider populance.
Critical to the development of an effective
bankruptcy law across the broader spectrum and particularly with regard to bank
distress, there is the need for a specialized bankruptcy court dealing with
bankruptcy cases.
There is the need for an independent court
system and judiciary."
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