The promise and perils of regulating ipso facto clauses

نویسندگان

چکیده

It is common for contracts to include a clause that provides on an event of default the counterparty has unconditional right terminate contract or accelerate payment (an ipso facto clause). The regulation clauses become topic debate in recent years with number jurisdictions introducing constraints such as part broader restructuring reform packages. These Germany 2021 (as its implementation EU Restructuring Directive) and United Kingdom 2020. For first time, there much learn from those, Canada, have had place longer. This article examines experience Canada alongside introduced Kingdom, Directive Germany, identifies series steps policymakers should follow when revising regime clauses. Although are themes emerge, it clear different often make quite distinct policy choices regarding rationale any well specific nature scope provisions. Different find points balance between interests individual creditors upholding their freedom rights debtor whole preserving business going concern. range not per se problematic long they implemented clarity transparency, so debtors can bargain ex ante light legislative

برای دانلود رایگان متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید

اگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید

منابع مشابه

The promise and perils of synthetic biology.

Copyright 2006. All rights reserved. See www.TheNewAtlantis.com for more information. Over the past fifty years, several pivotal advances have transformed the life sciences, including the discovery of the structure of DNA, the deciphering of the genetic code, the development of recombinant DNA technology, and the mapping of the human genome. Synthetic biology is another transformative innovatio...

متن کامل

The promise and perils of digital currencies

Interest in digital currencies, especially Bitcoin, has exploded over the past year. The cryptocurrency Bitcoin was created in 2009 by an anonymous entity operating under the pseudonym Satoshi Nakamoto. Using cryptographic primitives to create a digital currency is not particularly new – David Chaum proposed electronic cash nearly thirty years ago. What is different about Bitcoin is its success...

متن کامل

Gene therapy of restenosis: promise and perils.

The advent of technology for vascular gene transfer some 8 years ago led to an explosion of interest in the notion that local gene therapy could modify the natural history of arterial hyperplastic diseases. What better testing ground for this concept than restenosis following percutaneous transluminal coronary angioplasty (PTCA) or other arterial interventions? In this situation, the precise mo...

متن کامل

Agent - Based Computing : Promise and Perils Nicholas

Agent-based computing represents an exciting new synthesis both for Artificial Intelligence (AI) and, more generally, Computer Science. It has the potential to significantly improve the theory and the practice of modelling , designing, and implementing complex systems. Yet, to date, there has been little systematic analysis of what makes an agent such an appealing and powerful conceptual model....

متن کامل

ذخیره در منابع من


  با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید

ژورنال

عنوان ژورنال: International Insolvency Review

سال: 2021

ISSN: ['1180-0518', '1099-1107']

DOI: https://doi.org/10.1002/iir.1446