An ‘rioplatense’ perspective on confronting corporate crisis: Is this a Bankruptcy Law Issue?
Una visión rioplatense sobre las crisis societarias y cómo abordarlas. ¿Un problema del derecho concursal?
| 2016 | |
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corporate crises bankruptcy causes cessation of payments insolvency restructuring and bankruptcy debt reduction moratorium crisis societarias causales de disolución cesación de pagos insolvencia concursos y quiebras quitas esperas |
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| Español | |
| Universidad Católica del Uruguay | |
| LIBERI | |
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https://revistas.ucu.edu.uy/index.php/revistadederecho/article/view/776
https://hdl.handle.net/10895/4051 |
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| Acceso abierto |
| Sumario: | Abstract. Corporate financial crises cannot be resolved under Bankruptcy Law, particularly since they are provided for under the regulations of corporate legislation, which act as a pre-bankruptcy system, rendering bankruptcy legislation a marginal remedy.Uruguayan law offers similar but improved solutions to those under Argentine law. Loss of share capital is a cause of corporate bankruptcy; when unattended, this responsibility is borne by management and sets the stage for debt reductions and moratoriums in bankruptcy agreements that could be deemed abusive and fraudulent. |
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