Rescue of Companies: The Role of Shareholders, Creditors and the Administrator

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Rescuing companies is becoming more and more an alternative to merely liquidating a company in financial difficulties on the basis of a bankruptcy procedure. The goal of rescuing a company is to preserve the healthy parts of a company in trouble and to put the company back on a sound track. This book reports on practical experiences of rescues and describes in particular transactional aspects. The resource material of this book is useful for further academic research into the subject, especially for comparative legal analyses. The book comprises 24 national reports out of 23 jurisdictions and the General Report summarizing main differences, peculiarities and common principles of the various jurisdictions.