Insider Guarantees in Corporate Finance

Aart Jonkers (Autor)

Buch | Hardcover

388 Seiten

2020
Eleven International Publishing (Verlag)
978-90-77596-00-5 (ISBN)

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Insider guarantees play a crucial role in corporate finance. In small and medium companies shareholders frequently guarantee business debts towards a professional creditor, often the bank. In corporate groups, group companies often guarantee each other’s debts towards a lender. The economic dynamics involved are however poorly understood.

This book gives an in-depth overview of the economic dynamics involved and reviews the legal regulation of these dynamics in the legal systems of the US, Germany and the Netherlands. The guarantee relationship can lead to efficiency gains, but is also prone to opportunistic use towards both insiders and outsiders of the relationship. German, Dutch and US law have some, but widely differing and in any case very limited mechanisms to deal with opportunistic use. Legal practitioners will appreciate the clear guidance on the dynamics and the overview of the regulation of and (liability) risks for parties involved. Academics will appreciate the innovative and thorough methodological approach.

Dr. A.L. Jonkers (LLM University of Amsterdam, cum laude; PhD University of Amsterdam, cum laude) is an assistant professor at the Amsterdam Centre for Transformative Private Law, University of Amsterdam. His research takes a critical perspective with high sensitivity for economic dynamics at the cross-section of insolvency, property and company law. He teaches commercial subjects such as insolvency law and property law.

Introduction; Chapter 1 Comparative law & economics; Chapter 2 The beneficial economic function of the guarantee relationship in corporate finance; Chapter 3 Opportunistic use of the guarantee relationship in corporate finance; Chapter 4 Dutch law on opportunism with the guarantee relationship; Chapter 5 US law on opportunism with the guarantee relationship; Chapter 6 German law on opportunism with the guarantee relationship; Chapter 7 Comparison & synthesis; Conclusion & Recommendations; Literature & case law

Erscheinungsdatum	08.06.2020
Reihe/Serie	European and International Insolvency Law Studies
Verlagsort	Utrecht
Sprache	englisch
Maße	170 x 244 mm
Themenwelt	Recht / Steuern ► EU / Internationales Recht
Themenwelt	Recht / Steuern ► Wirtschaftsrecht ► Bank- und Kapitalmarktrecht
ISBN-10	90-77596-00-3 / 9077596003
ISBN-13	978-90-77596-00-5 / 9789077596005
Zustand	Neuware