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Promoting fairness in English insolvency valuation cases
International Insolvency Review ( IF 0.5 ) Pub Date : 2020-06-21 , DOI: 10.1002/iir.1382
Eugenio Vaccari 1
Affiliation  

This is the second part of a comprehensive study on fair measurement of value in English insolvency law. The author has already demonstrated in a previous article the importance of posing and responding to questions about fairness in the insolvency process. That article developed a specific framework to measure whether assets and businesses are fairly valued in insolvency and bankruptcy cases. The proposed communitarian, fairness‐oriented framework is based on a modified version of Rawls, Finch and Radin's concepts of fairness. It evidenced that, when assessed against fairness, none of the valuation techniques currently available to the courts are without limitations. Building on the findings of this previous work, this article investigates whether English case law: (i) achieves a fair valuation of the debtor's assets and business; and (ii) protects interested parties (mainly creditors and shareholders) who have realistic prospects of receiving a distribution‐ against unfair harm.

中文翻译:

促进英语破产评估案件中的公平

这是对英国破产法中公平衡量价值的全面研究的第二部分。作者已经在上一篇文章中证明了在破产过程中提出和回答有关公平性问题的重要性。该文章开发了一个特定的框架来衡量在破产和破产案件中资产和企业是否得到了合理的估价。所提出的面向社群的,面向公平的框架基于Rawls,Finch和Radin的公平概念的修改版本。它证明,当根据公平性进行评估时,法院目前可用的任何估值技术都没有没有局限性。在此之前的研究成果的基础上,本文研究了英国判例法是否:(i)对债务人的资产和业务进行了合理的估价;
更新日期:2020-06-21
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