Subordination in Japanese insolvency proceedings
There are the three main types of insolvency proceedings in Japan. The first is bankruptcy proceedings under the Bankruptcy Act, a liquidation-type insolvency proceedings. The second is civil rehabilitation proceedings under the Civil Rehabilitation Act, a rehabilitation-type and debtor-in-possessio...
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description | There are the three main types of insolvency proceedings in Japan. The first is bankruptcy proceedings under the Bankruptcy Act, a liquidation-type insolvency proceedings. The second is civil rehabilitation proceedings under the Civil Rehabilitation Act, a rehabilitation-type and debtor-in-possession type insolvency proceedings, which aims to enable a debtor-in-possession to recover by restructuring creditors' claims based on a rehabilitation plan. The third type is corporate reorganisation proceedings under the Corporate Reorganisation Act, a rehabilitation-type and basically trustee-type insolvency proceedings, with the aim of a court-appointed trustee enabling a stock corporation to recover by restructuring creditors' claims based on a reorganisation plan. |
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The first is bankruptcy proceedings under the Bankruptcy Act, a liquidation-type insolvency proceedings. The second is civil rehabilitation proceedings under the Civil Rehabilitation Act, a rehabilitation-type and debtor-in-possession type insolvency proceedings, which aims to enable a debtor-in-possession to recover by restructuring creditors' claims based on a rehabilitation plan. The third type is corporate reorganisation proceedings under the Corporate Reorganisation Act, a rehabilitation-type and basically trustee-type insolvency proceedings, with the aim of a court-appointed trustee enabling a stock corporation to recover by restructuring creditors' claims based on a reorganisation plan.</abstract><cop>London</cop><pub>Euromoney Institutional Investor PLC</pub></addata></record> |
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issn | 0262-6969 |
language | eng |
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source | HeinOnline Law Journal Library; EBSCOhost Business Source Complete |
subjects | Affiliates Bankruptcy Bankruptcy laws Corporate reorganization Court decisions Debtors Equity Insolvency Rehabilitation State court decisions Stockholders |
title | Subordination in Japanese insolvency proceedings |
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