The Uneasy Case for Bankruptcy Legislation and Business Rescue
In his article ‘The Uneasy Case for Bankruptcy Legislation and Business Rescue’ professor Adriaanse gives his view on the bankruptcy legislation reform. He is not sure whether the legislation reform reduces the amount of viable businesses that fall prey to liquidation. According to him, empirical evidence shows that companies in financial difficulties can only be saved when a process of active turnaround and stakeholder management is initiated. Adriaanse indicates which aspects should receive more focus in discussions regarding insolvency rehabilitation legislation to achieve business rescue.
The article is titled:
Adriaanse, J.A.A, The Uneasy Case for Bankruptcy Legislation and Business Rescue (2014) 2 NIBLeJ 8, p. 119-125.