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"Insolvency law"

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munirs Click to EMail munirsClick to view user profileClick to check IP address of the poster 17-Apr-07, 10:04 PM (GMT)
"Insolvency law"
Hello,

Can anyone help? I was asked to prepare a discussion on the following and I am not sure where to start. I would be very grateful if anyone can help.

The favoured position of secured creditors in cases of corporate insolvency is difficult to justify. Since insolvency proceedings are supposedly collective, fairness surely demands that on the commencement of an insolvency case secure creditors should be subject to any relevant moratorium or stay and should not be permitted to realise or enforce their security interests unilaterally. In the event of a liquidation, pre-existing security rights should be treated in the same way as any other private attempt to contract out of the pari passu principle.

Discuss

Thanks

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RE: Insolvency law, john, 18-May-07, (1)

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john Click to EMail johnClick to check IP address of the poster 18-May-07, 03:31 PM (GMT)
1. "RE: Insolvency law"
hi i have a similar question and was wondering whether you had any ideas on the topic?
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