Work

The Rise and Fall of Regulatory Competition in Corporate Insolvency Law in the European Union

Year: 2019

Type: article

Abstract: In this article, I discuss the rise and fall of regulatory competition in corporate insolvency law in the European Union. The rise is closely associated with the European Insolvency Regulation (EIR, 2002), and it is well documented. The UK has emerged as the ‘market leader’, especially for corporate restructurings. The fall is about to happen, triggered by a combination of factors: the recasting of the EIR (2017), the European Restructuring Directive (ERD, 2019) and Brexit (2019). The UK will lose its dominant market position. I present evidence to support this hypothesis.

Source: European Business Organization Law Review

DOI: 10.1007/s40804-019-00160-0

Author: Horst Eidenmüller

Institutions: University of Oxford, European Corporate Governance Institute

Language: English

Topic: Corporate Insolvency and Governance

Subfield: Accounting

Field: Business, Management and Accounting

Domain: Social Sciences

SDG: Peace, justice, and strong institutions

Open Access status: hybrid

Estimated APC paid: $2,690