Introduction — Comparison Of Work-outs, Judicial Rescues And Liquidations — Legal Families Of The World — Indicators Of Insolvency Law — Anglo-american Common Law Jurisdictions — Napoleonic Jurisdictions — Roman-germanic Jurisdictions — Other Groups Of Jurisdictions — Entry Criteria For Insolvency : Stays On Claimant — Management Of Insolvency Proceedings — The Bankruptcy Ladder Of Priorities — Bankrupt’s Property And Trusts; Publicity — Non-consensual Trusts And Tracing — Security Interests — Insolvency Set-off — Contracts, Leases And Forfeitures — Avoidance Of Preferences — Selected Preference Laws — Director Liability — Shareholder And Other Third Party Liability — Private Restructuring Agreements (work-outs) — Lender Liability — Judicial Reorganisation Plans — Bank Insolvencies — State Insolvency — Insolvency Of Individuals And Other Debtors — Insolvency Conflict Of Laws — Recognition Of Foreign Insolvency Representatives And Stays — Applicable Law — Eu Insolvency Regulation And Bank Insurance Directives — Uncitral Model Law On Cross-border Insolvency. By Philip R. Wood. Includes Indexes. Includes Bibliographical References And Index.
Delve into the intricate world of cross-border insolvency with the second edition of "The Law and Practice of International Finance Series, Volume 1: Principles of International Insolvency" by the renowned legal expert, Philip R. Wood. Published in 2007 by Thomson / Sweet & Maxwell, this monumental hardcover, clocking in at a substantial 1064 pages, offers an unparalleled comparative analysis of insolvency laws across diverse legal systems, making it an indispensable resource for legal professionals, academics, and anyone navigating the complexities of international finance. Philip R. Wood, a towering figure in international finance law, brings his extensive expertise to bear in this comprehensive treatise. Known for his clear and insightful writing, Wood masterfully guides the reader through the often-opaque landscape of international insolvency, providing a framework for understanding the diverse approaches taken by different jurisdictions. His work is regularly cited by courts and scholars worldwide, solidifying his position as a leading authority in the field. This second edition builds upon the foundations laid by the first, incorporating the latest developments in international insolvency law and practice. It offers a detailed comparison of work-outs, judicial rescues, and liquidations, examining the legal families of the world from Anglo-American common law jurisdictions to Napoleonic and Roman-Germanic systems to identify key indicators of insolvency law. The book meticulously explores crucial aspects of insolvency proceedings, including entry criteria, stays on claimants, management of proceedings, and the bankruptcy ladder of priorities. It delves into the complexities of bankrupt's property and trusts, security interests, insolvency set-off, contracts, leases, and forfeitures, as well as the avoidance of preferences. Specific attention is given to director liability, shareholder and third-party liability, and the use of private restructuring agreements (work-outs). Lender liability and judicial reorganisation plans are also examined in detail. Recognizing the unique challenges posed by bank insolvencies and state insolvency, Wood dedicates specific sections to these critical areas. Furthermore, he addresses the insolvency of individuals and other debtors, providing a holistic view of the insolvency landscape. A significant portion of the book is devoted to the conflict of laws in insolvency, including the recognition of foreign insolvency representatives and stays, and the applicable law. It also covers the EU Insolvency Regulation and Bank Insurance Directives, as well as the UNCITRAL Model Law on Cross-Border Insolvency, reflecting the growing importance of international cooperation in this field. This makes it a must have for Lawyers working in International Investment Law, Banking, and International Finance. With its comprehensive coverage, insightful analysis, and practical guidance, "Principles of International Insolvency" remains the definitive resource for navigating the complexities of cross-border insolvency. The inclusion of extensive indexes and bibliographical references further enhances its value as a research tool and a practical guide. If you're seeking a deep dive into the law and practice of international insolvency, this book is an invaluable investment.