Monographie Open Access Vollzugriff
Recognition of Restructuring Plans under the UNCITRAL Model Law on Cross-Border Insolvency
Modified Universalism, the Gibbs Rule, and the “Adequate Protection” Safeguard- Autor:innen:
- Reihe:
- Schriften zur Restrukturierung, Band 38
- Verlag:
- 08.01.2026
Zusammenfassung
Die Arbeit analysiert die Anerkennung von Restrukturierungsplänen nach dem MLCBI und fokussiert sich dabei auf zwei Rechtsordnungen: England und die USA. Sie stellt die Gibbs-Regel dem Ansatz nach Kapitel 15 gegenüber und versucht, einen ausgewogenen Rahmen zu entwickeln, der die Interessen des Schuldners und der widersprechenden ausländischen Gläubiger in Einklang bringt. Im Gegensatz zur Gibbs-Regel macht dieser Rahmen die Anerkennung einer Schuldenentlastung in ausländischen Restrukturierungsverfahren nicht davon abhängig, dass die Restrukturierung des Schuldners nach dem für diese Schulden geltenden Recht durchgeführt wird. Stattdessen konzentriert er sich auf die Beurteilung der materiellen Fairness in der Anerkennungsphase als Teil der Schutzklausel „angemessener Schutz” gemäß MLCBI. Dieser Titel erscheint auch Open Access.
Schlagworte
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Bibliographische Angaben
- Erscheinungsjahr
- 2026
- Erscheinungsdatum
- 08.01.2026
- ISBN-Print
- 978-3-7560-3612-7
- ISBN-Online
- 978-3-7489-6767-5
- Verlag
- Nomos, Baden-Baden
- Reihe
- Schriften zur Restrukturierung
- Band
- 38
- Sprache
- Englisch
- Seiten
- 246
- Produkttyp
- Monographie
Inhaltsverzeichnis
KapitelSeiten
- Acknowledgements Download Kapitel (PDF)
- List of Abbreviations Download Kapitel (PDF)
- I. Introduction to the Topic Download Kapitel (PDF)
- II. Research Problem Download Kapitel (PDF)
- III. Definitions and Limitations Download Kapitel (PDF)
- IV. Structure of the Research Download Kapitel (PDF)
- a) The Insolvency Approach Download Kapitel (PDF)
- b) The Contractual Approach Download Kapitel (PDF)
- a) The Insolvency Approach Download Kapitel (PDF)
- b) The Contractual Approach Download Kapitel (PDF)
- a) Domestic Context Download Kapitel (PDF)
- b) Cross-Border Effects Download Kapitel (PDF)
- 1. Comity Download Kapitel (PDF)
- 2. Unity Versus Plurality Download Kapitel (PDF)
- a) Advantages of Universalism Download Kapitel (PDF)
- b) Main Features of Universalism Download Kapitel (PDF)
- c) Implementation of Universalism: A Need for a Global Consensus Download Kapitel (PDF)
- 4. Modified Universalism Download Kapitel (PDF)
- 5. Mutual Trust Download Kapitel (PDF)
- a) Objectives and Scope Download Kapitel (PDF)
- b) Choice-of-Forum and Choice-of-Law Download Kapitel (PDF)
- c) Cross-Border Effects Within the EU Download Kapitel (PDF)
- a) Objectives and Scope Download Kapitel (PDF)
- b) Choice-of-Forum Download Kapitel (PDF)
- c) Recognition and Its Effects Download Kapitel (PDF)
- d) Modified Universalism and the MLCBI Download Kapitel (PDF)
- a) Objectives and Scope Download Kapitel (PDF)
- b) Recognition and Enforcement Download Kapitel (PDF)
- c) Safeguards and Their Relevance for the Research Download Kapitel (PDF)
- IV. Summary Download Kapitel (PDF)
- a) Nature of Proceedings Download Kapitel (PDF)
- b) Plan Content, Voting, and Confirmation Download Kapitel (PDF)
- c) Effects of Confirmation Download Kapitel (PDF)
- d) Creditor Rights Download Kapitel (PDF)
- 2. Facts Download Kapitel (PDF)
- a) Recognition in England Download Kapitel (PDF)
- b) Recognition in the US Download Kapitel (PDF)
- a) Introduction to the CBIR Download Kapitel (PDF)
- (1) Facts Download Kapitel (PDF)
- (2) Reasoning Download Kapitel (PDF)
- (1) Recognition of a Foreign Bankruptcy Discharge of an English Law-Governed Debt Download Kapitel (PDF)
- (2) Recognition of a Foreign Bankruptcy Discharge of a Debt Governed by That Foreign Law Download Kapitel (PDF)
- (3) Recognition of a Foreign Bankruptcy Discharge of a Debt Governed by Another Foreign Law Download Kapitel (PDF)
- (4) English Bankruptcy Discharge of a Foreign Law-Governed Debt Download Kapitel (PDF)
- cc) The Gibbs Rule and the CBIR Download Kapitel (PDF)
- (1) Arguments Against the Gibbs Rule Download Kapitel (PDF)
- (2) Arguments in Favour of the Gibbs Rule Download Kapitel (PDF)
- aa) Background: Cambridge Gas Download Kapitel (PDF)
- (1) Disapproval of Cambridge Gas and Adherence to the Traditional Rule Download Kapitel (PDF)
- (2) Enforcement of Foreign Insolvency-Related Judgments under the CBIR Download Kapitel (PDF)
- (3) Submission to Foreign Proceedings Download Kapitel (PDF)
- cc) Reception Download Kapitel (PDF)
- a) Introduction to Chapter 15 Download Kapitel (PDF)
- b) Historical Background: Gebhard Download Kapitel (PDF)
- aa) General Requirements for Recognising Foreign Judgments Download Kapitel (PDF)
- (1) Recognition of Foreign Proceedings Download Kapitel (PDF)
- (2) Post-Recognition Relief Download Kapitel (PDF)
- aa) Metcalfe Download Kapitel (PDF)
- bb) Avanti Download Kapitel (PDF)
- cc) Agrokor Download Kapitel (PDF)
- dd) Vitro Download Kapitel (PDF)
- ee) Bakrie Download Kapitel (PDF)
- ff) Summary Download Kapitel (PDF)
- 3. Comparative Summary Download Kapitel (PDF)
- a) Advantages Download Kapitel (PDF)
- b) Disadvantages Download Kapitel (PDF)
- a) Advantages Download Kapitel (PDF)
- b) Disadvantages Download Kapitel (PDF)
- IV. Towards a Balanced Model Download Kapitel (PDF)
- V. Summary Download Kapitel (PDF)
- 1. Introduction to the Public Policy Doctrine Download Kapitel (PDF)
- aa) Role of Public Policy Download Kapitel (PDF)
- bb) Public Policy and Overriding Mandatory Provisions Download Kapitel (PDF)
- cc) Public Policy and Procedural Fairness Download Kapitel (PDF)
- b) Problematic Aspects of Public Policy Download Kapitel (PDF)
- aa) Limited Application Download Kapitel (PDF)
- (1) Proximity to the Forum Download Kapitel (PDF)
- (2) Worthiness of Protection Download Kapitel (PDF)
- (3) Seriousness of the Breach Download Kapitel (PDF)
- aa) Toft Download Kapitel (PDF)
- bb) Qimonda Download Kapitel (PDF)
- cc) Vitro II Download Kapitel (PDF)
- b) The Public Policy Exception in Other Jurisdictions Implementing the MLCBI Download Kapitel (PDF)
- aa) Limited Application Download Kapitel (PDF)
- bb) Premature Consideration and Misinterpretation of the Purpose Download Kapitel (PDF)
- aa) Means of Notice Download Kapitel (PDF)
- bb) Adequacy of Notice Download Kapitel (PDF)
- aa) Lodging Claims Download Kapitel (PDF)
- bb) Right to Information Download Kapitel (PDF)
- cc) Participation and Voting in Creditors’ Meeting Download Kapitel (PDF)
- dd) Illustrative Example: Bakrie Download Kapitel (PDF)
- c) Right to Contest Download Kapitel (PDF)
- 2. Right of Appeal Download Kapitel (PDF)
- 3. Non-Discrimination of Foreign Creditors Download Kapitel (PDF)
- 4. Absence of Arbitrariness Download Kapitel (PDF)
- 5. Absence of Fraud Download Kapitel (PDF)
- III. Summary Download Kapitel (PDF)
- 1. Substantive Fairness in Insolvency Proceedings Download Kapitel (PDF)
- a) Value Available for Distribution Download Kapitel (PDF)
- b) Restructuring Measures Download Kapitel (PDF)
- c) Non-Consensual Alteration of Substantive Rights Download Kapitel (PDF)
- d) Post-Restructuring Contributions Download Kapitel (PDF)
- e) Classification Download Kapitel (PDF)
- 3. Summary Download Kapitel (PDF)
- a) Impairment, Class Composition, and Voting Thresholds Download Kapitel (PDF)
- aa) Dissenting Individual Creditors Download Kapitel (PDF)
- (a) Class of Secured Claims Download Kapitel (PDF)
- (aa) Historical Background Download Kapitel (PDF)
- (bb) Consensual Deviations from the APR: Valuation of the Debtor Download Kapitel (PDF)
- (cc) The New Value Exception to the APR Download Kapitel (PDF)
- (dd) Attempts at Non-Consensual Deviations from the APR Download Kapitel (PDF)
- (a) Forms and Rationales of Discrimination Download Kapitel (PDF)
- (b) Unfairness of Discrimination: Different Approaches and Tests Download Kapitel (PDF)
- c) Summary Download Kapitel (PDF)
- aa) Voting Thresholds and Effects of Approval Download Kapitel (PDF)
- bb) The Unfair Prejudice Challenge Download Kapitel (PDF)
- aa) Class Composition, Voting Thresholds, and Effects of Confirmation Download Kapitel (PDF)
- bb) Fairness Assessment Download Kapitel (PDF)
- aa) Class Composition, Voting Thresholds, and Effects of Confirmation Download Kapitel (PDF)
- (a) Condition A Download Kapitel (PDF)
- (b) Condition B Download Kapitel (PDF)
- (a) Early-Stage Academic Discussion Download Kapitel (PDF)
- (aa) Fairness Framework with Respect to Dissenting Classes of Creditors Download Kapitel (PDF)
- (bb) Retention of Equity by Old Shareholders Download Kapitel (PDF)
- (c) Developments in the Literature and Case Law Following Adler Download Kapitel (PDF)
- d) Summary Download Kapitel (PDF)
- a) Dissenting Individual Creditors Download Kapitel (PDF)
- b) Dissenting Classes of Creditors Download Kapitel (PDF)
- aa) Arguments in Favour of the RPR Download Kapitel (PDF)
- bb) Arguments Against the RPR Download Kapitel (PDF)
- 4. Comparative Summary Download Kapitel (PDF)
- III. Summary Download Kapitel (PDF)
- aa) A Single International Court and a Single International Law Download Kapitel (PDF)
- bb) A Uniform Set of Choice-of-Forum and Choice-of-Law Rules Download Kapitel (PDF)
- aa) Difference from Universalism Download Kapitel (PDF)
- (1) Practical Feasibility Download Kapitel (PDF)
- (aa) Examples from the US and England Download Kapitel (PDF)
- (bb) Jurisdictions with Less Developed Restructuring Frameworks Download Kapitel (PDF)
- (cc) Interim Conclusion Download Kapitel (PDF)
- (aa) Risk of a Bias Towards Foreign Parties Download Kapitel (PDF)
- (bb) Potentially Unfamiliar Foreign Legal Concepts Download Kapitel (PDF)
- (c) Ensuring Substantive Fairness Through the Entire Process Download Kapitel (PDF)
- (d) Summary Download Kapitel (PDF)
- aa) Difference in the Purpose Download Kapitel (PDF)
- bb) Narrow Application of the Public Policy Exception Download Kapitel (PDF)
- cc) Proximity to the Forum Download Kapitel (PDF)
- a) Distinctive Approach to Restructuring Proceedings under the MLCBI Download Kapitel (PDF)
- aa) Language of Article 22 (1) of the MLCBI Download Kapitel (PDF)
- bb) Article 22 (1) in the Broader Context and Structure of the MLCBI Download Kapitel (PDF)
- cc) Chapter 15 Case Law Download Kapitel (PDF)
- dd) Existing Literature Download Kapitel (PDF)
- 3. Summary Download Kapitel (PDF)
- aa) Private International Law Context Download Kapitel (PDF)
- bb) Modified Universalism Download Kapitel (PDF)
- aa) Effect on Substantive Rights Download Kapitel (PDF)
- bb) Opposition at the Recognition Stage Download Kapitel (PDF)
- cc) Exclusion of Local Creditors of Foreign Proceedings Download Kapitel (PDF)
- dd) Exhaustion of All Remedies in Foreign Proceedings Download Kapitel (PDF)
- ee) Focusing on the Treatment of the Opposing Creditor Download Kapitel (PDF)
- ff) Burden of Proof Download Kapitel (PDF)
- gg) Costs Download Kapitel (PDF)
- aa) Difference Between a Full Révision au Fond and a Substantive Fairness Review Download Kapitel (PDF)
- bb) Relative Nature of Substantive Fairness Download Kapitel (PDF)
- cc) Comparison with Another Jurisdiction Download Kapitel (PDF)
- dd) Chapter 15 Case Law Download Kapitel (PDF)
- (1) Non-Discrimination of Creditors Download Kapitel (PDF)
- (2) Purpose of Article 22 (1) Download Kapitel (PDF)
- (3) Debt-Oriented Nature of Restructuring Proceedings Download Kapitel (PDF)
- (1) Potential COMI Shift Download Kapitel (PDF)
- (2) Recent Proposals for Flexible Choice-of-Forum Rules Download Kapitel (PDF)
- cc) Reconciling the Gibbs Rule and Modified Universalism Download Kapitel (PDF)
- dd) Support in the Literature Download Kapitel (PDF)
- (1) Overview Download Kapitel (PDF)
- (a) Doctrinal Aspect Download Kapitel (PDF)
- (b) Practical Difficulties Download Kapitel (PDF)
- (a) Benchmark Function of the Governing Law of the Contract Download Kapitel (PDF)
- (b) Intervention at the Recognition Stage Download Kapitel (PDF)
- a) General Restructuring Framework of the Governing Law of the Contract as a Benchmark Download Kapitel (PDF)
- b) Overriding Mandatory Provisions of the Governing Law of the Contract as a Benchmark Download Kapitel (PDF)
- c) Hypothetical Proceedings under the Governing Law of the Contract as a Benchmark Download Kapitel (PDF)
- a) Material Difference Download Kapitel (PDF)
- b) Flexible Approach Download Kapitel (PDF)
- 5. Summary Download Kapitel (PDF)
- 1. England Download Kapitel (PDF)
- 2. The US Download Kapitel (PDF)
- 1. Certainty Download Kapitel (PDF)
- 2. Forum Shopping Download Kapitel (PDF)
- 3. Fraud Download Kapitel (PDF)
- 4. Fairness in Domestic Proceedings Download Kapitel (PDF)
- V. Summary Download Kapitel (PDF)
- G. ConclusionSeiten 235 - 236 Download Kapitel (PDF)
- BibliographySeiten 237 - 246 Download Kapitel (PDF)
