Bankruptcy Policy: A Review and Critique of Bankruptcy Statutes and Practices in Fifty Countries Worldwide

Authors

• Ziad Raymond Azar, White & Case LL.P., New York

Abstract

Bankruptcy law plays a crucial role in a capitalist economy by facilitating resource reallocation through creative destruction, with its effectiveness hinging on balancing creditor protection and debtor rehabilitation. The article examines bankruptcy statutes and practices across 50 countries, emphasizing the need for efficient, practical reforms that maximize estate value while addressing global diversity in insolvency frameworks. It advocates for a comprehensive approach to bankruptcy law, ensuring transparency, fairness, and alignment with economic goals.

Disciplines

Bankruptcy Law | Comparative and Foreign Law | International Law | Law | Legislation

Recommended Citation

Ziad R. Azar, Bankruptcy Policy: A Review and Critique of Bankruptcy Statutes and Practices in Fifty Countries Worldwide, 16 Cardozo J. Int'l & Comp. L. 279 (2008).
Available at: https://larc.cardozo.yu.edu/cjicl/vol16/iss2/2