Better Winding Up: A Proposal for Improved Winding Up of Executory Contracts

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Better Winding Up

An evaluation problem exists when winding up executory contracts in case of insolvency. The trustee has difficulties in accurately considering the claim for damages that arises if he chooses to reject a contract instead of accepting it. An unequal treatment of creditors and inefficiencies follow. However, a simple reform can solve this problem. If an executory contract is accepted by the truste...

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ژورنال

عنوان ژورنال: SSRN Electronic Journal

سال: 2015

ISSN: 1556-5068

DOI: 10.2139/ssrn.2741571