Corporate Reorganization in the 1990s: Guiding Directors of Troubled Corporations Through Uncertain Territory

This article discusses the state of the law regarding the fiduciary duties of directors of financially troubled companies, the varying schools of thought as to whom such duties are owed and the impact of fiduciary duty on the decisions that directors make to resolve the financial problems of such co...

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Veröffentlicht in:The Business lawyer 1991-11, Vol.47 (1), p.1-32
Hauptverfasser: Davis, Lewis U., McCullough, M. Bruce, McNulty, Eleanor P., Schuler, Ronald W.
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container_title The Business lawyer
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creator Davis, Lewis U.
McCullough, M. Bruce
McNulty, Eleanor P.
Schuler, Ronald W.
description This article discusses the state of the law regarding the fiduciary duties of directors of financially troubled companies, the varying schools of thought as to whom such duties are owed and the impact of fiduciary duty on the decisions that directors make to resolve the financial problems of such companies. The article includes a discussion of various large bankruptcy reorganizations, including the recently concluded cases of Allegheny International, Inc. and Wheeling Pittsburgh Steel Corporation.
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ispartof The Business lawyer, 1991-11, Vol.47 (1), p.1-32
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language eng
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source HeinOnline Law Journal Library; JSTOR Archive Collection A-Z Listing
subjects Banking
Bankruptcy
Bankruptcy Code
Bankruptcy courts
Bankruptcy laws
Bankruptcy reorganization
Boards of directors
Business structures
Corporate reorganization
Corporate reorganizations
Corporation law
Corporations
Creditor claims
Creditors
Debtors
Disclosure
Fiduciary responsibility
Interpretation and construction
Laws, regulations and rules
Shareholders
title Corporate Reorganization in the 1990s: Guiding Directors of Troubled Corporations Through Uncertain Territory
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