Reinhard Bork

The Anatomy of Corporate Insolvency Law dissects corporate insolvency law into its constituent elements, analysing them through a comparative and functional lens. Over the past forty years, corporate insolvency law has become a field of extraordinary practical relevance and increasing intellectual fascination. On the one hand, academics, policymakers, and practitioners have reoriented insolvency law in favour of rescuing distressed companies. On the other hand, this evolution has reshaped foundational categories of the legal culture, blurring (for instance) the traditional distinction between 'contract' and 'proceedings'. The chapters in The Anatomy of Corporate Insolvency Law analyse central topics in this vibrant field and examines where it intersects with labour law and taxation law. The volume traces corporate insolvency law across key global jurisdictions, exploring how various jurisdictions might differently approach the same issues; to what extent two solutions that appear dissimilar really diverge; and vice-versa, to what extent two seemingly similar solutions might actually differ. In doing so, it facilitates cooperation and communication across jurisdictions, and explains how solutions adopted in one jurisdiction might be applicable in another. Suitable for students, scholars, and practitioners, this new work will provide the reader with a solid framework to understand corporate law from a comparative perspective.

The Anatomy of Corporate Insolvency Law dissects corporate insolvency law into its constituent elements, analysing them through a comparative and functional lens. Over the past forty years, corporate insolvency law has become a field of extraordinary practical relevance and increasing intellectual fascination. On the one hand, academics, policymakers, and practitioners have reoriented insolvency law in favour of rescuing distressed companies. On the other hand, this evolution has reshaped foundational categories of the legal culture, blurring (for instance) the traditional distinction between 'contract' and 'proceedings'. The chapters in The Anatomy of Corporate Insolvency Law analyse central topics in this vibrant field and examines where it intersects with labour law and taxation law. The volume traces corporate insolvency law across key global jurisdictions, exploring how various jurisdictions might differently approach the same issues; to what extent two solutions that appear dissimilar really diverge; and vice-versa, to what extent two seemingly similar solutions might actually differ. In doing so, it facilitates cooperation and communication across jurisdictions, and explains how solutions adopted in one jurisdiction might be applicable in another. Suitable for students, scholars, and practitioners, this new work will provide the reader with a solid framework to understand corporate law from a comparative perspective.

This textbook deals with the foundations and key issues of corporate insolvency law and approaches the topic from a comparative perspective, i.e. it does not concentrate on one insolvency law in particular but rather introduces the relevant rules from various jurisdictions, primarily England (and Wales), France, Germany and those of the USA. It is case focused and designed for learning and teaching corporate insolvency law. The 2nd edition covers the latest case law and developments in the topic. It is clear that extensive research went into this book and that it is an extremely valuable step forward in learning on the topic. It will be very helpful to all those who embark on a study of insolvency and restructuring law and I have no doubt that it will find its way in academia and practice. From the Foreword by Professor Michael Veder, Radboud University

Für die Neuauflage hat Reinhard Bork das gesamte Lehrbuch gründlich aktualisiert. Rechtsprechung und Literatur befinden sich auf dem Stand vom 1. März 2023. Eingearbeitet wurde insbesondere das Gesetz zur Fortentwicklung des Sanierungs- und Insolvenzrechts vom 22. Dezember 2020, das erhebliche Veränderungen im Bereich der Eigenverwaltung und des Insolvenzplans mit sich gebracht hat. "Das Lehrbuch besticht durch seinen systematischen Aufbau und die Unterteilung in 13 Abschnitte. [...] Man kann aufgrund der klaren strukturellen Ordnung einzelne Kapitel herauspicken, um sich in spezielle Themengebiete einzulesen und auch über angrenzende Gebiete einen Überblick erlangen." Michelle Karrer Die Rezensenten - dierezensenten.blogspot.de/2014/10 "Mit dem Buch gelingt Bork ein wirklich guter Einstieg in das Insolvenzrecht, der Lust auf mehr macht."http://www.fsr-jura.uni-jena.de (12/2017)

Elgar Advanced Introductions are stimulating and thoughtful introductions to major fields in the social sciences, business and law, expertly written by the world’s leading scholars. Designed to be accessible yet rigorous, they offer concise and lucid surveys of the substantive and policy issues associated with discrete subject areas. The Advanced Introduction to Cross-Border Insolvency Lawprovides a clear and concise overview of cross-border insolvency law with particular focus on the rules governing insolvency proceedings that occur between and across countries. Increasingly, such proceedings have an international dimension, which may involve, for example, debtors with assets abroad, foreign creditors, contractual agreements with counterparties in different jurisdictions, or companies with offices or subsidiaries in a different country. The book expertly steers the reader through the complex interactions between national and supra-national rules, international model laws, and the principles that underpin them. Key Features:Uses numerous practical examples to illustrate key conceptsProvides both in-depth information for advanced readers and accessible information for beginners in the fieldSuccinctly evaluates case law and literatureFollows a comparative law approach with a principle-based methodology in order to fully explore the most important issuesThis enlightening Advanced Introduction will be of great benefit to those studying company, commercial, and private international law, as well as to the non-specialist practitioner. Insolvency scholars will also appreciate the astute insights.

Elgar Advanced Introductions are stimulating and thoughtful introductions to major fields in the social sciences, business and law, expertly written by the world’s leading scholars. Designed to be accessible yet rigorous, they offer concise and lucid surveys of the substantive and policy issues associated with discrete subject areas. The Advanced Introduction to Cross-Border Insolvency Lawprovides a clear and concise overview of cross-border insolvency law with particular focus on the rules governing insolvency proceedings that occur between and across countries. Increasingly, such proceedings have an international dimension, which may involve, for example, debtors with assets abroad, foreign creditors, contractual agreements with counterparties in different jurisdictions, or companies with offices or subsidiaries in a different country. The book expertly steers the reader through the complex interactions between national and supra-national rules, international model laws, and the principles that underpin them. Key Features:Uses numerous practical examples to illustrate key conceptsProvides both in-depth information for advanced readers and accessible information for beginners in the fieldSuccinctly evaluates case law and literatureFollows a comparative law approach with a principle-based methodology in order to fully explore the most important issuesThis enlightening Advanced Introduction will be of great benefit to those studying company, commercial, and private international law, as well as to the non-specialist practitioner. Insolvency scholars will also appreciate the astute insights.

The first edition of this textbook was published in 2016, but since then the legal and factual scenario of European cross-border insolvency law has changed dramatically. In particular, three main events have occurred. First of all, the prescriptions of Regulation (EU) 2015/848 (Recast) have become applicable; second, the UK has left the European Union, without this completely reducing the meaning of the regulation for the UK though; and third, the European Union has enacted Directive (EU) 2019/1023 on preventive restructuring and insolvency. Moreover, since 2016, the Court of Justice of the European Union (CJEU) has delivered significant new judgments, albeit regarding the Regulation (EU) 1346/2000; national courts have started applying the prescriptions of Regulation (EU) 2015/848; scholars have produced numerous papers and commentaries on Regulation (EU) 2015/848; and the United Nations Commission on International Trade Law (UNCITRAL) has issued relevant new documents such as the 2018 'Model Law on Recognition and Enforcement of Insolvency-Related Judgments' and the 2019 'Model Law on Enterprise Group Insolvency'. The second edition of this textbook maintains its original purpose of providing readers with a user-friendly framework so that they may understand the rationale of Regulation (EU) 2015/848 and be consistent in their application of its prescriptions. However, in order to analyse the impact of the new events and discuss the most recent interpretations of judges and scholars, each chapter has been given new bibliographical references, supplemented with further observations, and, in some cases, even reorganised.

Nearly all national insolvency laws contain rules which provide for the avoidance or nullification of legal acts which have been performed prior to the opening of insolvency proceedings. However, these transactions avoidance laws are quite diverse, not only in intensity but also in detail. This hampers cross-border business, insolvency proceedings, and restructuring significantly. It is for this reason that the European Commission strives for the harmonisation of this legal field in the EU. This book is the result of an intensive research project that digs-deep into this matter, comprising national reports from 24 jurisdictions and analysing the relevant topics from a principle-based perspective. The authors elaborate on the principles supporting and shaping transactions avoidance law, identifying the topics to be addressed from a principle-based perspective, and weighing and balancing the relevant principles to find adequate solutions for every single topic. The final result is a Model Law, comprising nine sections, which the authors recommend implementing into all national insolvency laws of the EU Member States in order to provide for legal certainty as to which transactions should (or should not) be challengeable in all Member States under the same conditions.

Für die Neuauflage hat Reinhard Bork das gesamte Lehrbuch gründlich aktualisiert und die neue Rechtsprechung sowie die Literatur eingearbeitet. Außerdem hat er die Ergebnisse der ESUG-Evaluation berücksichtigt." Das Lehrbuch besticht durch seinen systematischen Aufbau und die Unterteilung in 13 Abschnitte. […] Man kann aufgrund der klaren strukturellen Ordnung einzelne Kapitel herauspicken, um sich in spezielle Themengebiete einzulesen und auch über angrenzende Gebiete einen Überblick erlangen." Michelle Karrer Die Rezensenten — dierezensenten.blogspot.de/2014/10"Mit dem Buch gelingt Bork ein wirklich guter Einstieg in das Insolvenzrecht, der Lust auf mehr macht."http://www.fsr-jura.uni-jena.de (12/2017)

This textbook deals with the foundations and key issues of corporate insolvency law and approaches the topic from a comparative perspective, i.e. it does not concentrate on one insolvency law in particular but rather introduces the relevant rules from various jurisdictions, primarily England (and Wales), France, Germany, and those of the USA. It is case focused and designed for learning and teaching corporate insolvency law.

The thesis of this book is that cross-border insolvency rules of all kinds (e.g. European Insolvency Regulation, UNCITRAL Model Law, ALI Principles for the NAFTA States, national laws such as Chapter 15 US Bankruptcy Code or Sch. 1 Cross-Border Insolvency Regulation 2006) are founded on, and can be traced back to, basic values and that they aim to pursue and enforce such standards. Furthermore, several principles can be identified, distinguished and sorted into three groups: conflict of laws principles (e.g. unity, universality, equality, mutual trust, cooperation and communication, subsidiarity, proportionality), procedural principles (e.g. efficiency, transparency, predictability, procedural justice, priority) and substantive principles (e.g. equal treatment of creditors, optimal realisation of the debtors assets, debtor protection, protection of trust (for secured creditors or contractual partners), social protection (for employees or tenants)). Using the principle-oriented approach, the book will have a significant impact for both deciding cases and shaping cross-border insolvency law. It offers both legislators and courts new substantive and methodological support in making decisions, for example where the treatment of secured creditors, support for foreign insolvency practitioners or even harmonisation of cross-border insolvency laws is at stake.

Reinhard Bork stellt in seinem Lehrbuch die grundlegenden Institutionen des Bürgerlichen Rechts dar. Es soll sowohl den Einstieg in das Bürgerliche Recht ermöglichen als auch Fortgeschrittenen und Praktikern auf dem Gebiet des Allgemeinen Teils des BGB als Nachschlagewerk dienen. Für die 4. Auflage wurde das gesamte Buch gründlich überarbeitet und insbesondere die seit der letzten Auflage erschienene Rechtsprechung und Literatur eingearbeitet. Außerdem erforderte die Berücksichtigung der Verbraucherrechterichtlinie erhebliche Veränderungen." Bork schafft es wie kein anderer ein fachlich hochkarätiges Lehrbuch zu schreiben, und dabei den Boden der Tatsachen nicht zu vergessen. ElbeLaw.de (04/2011)"[...] der von Bork verfasste AT besticht von Anfang bis Ende durch seine prägnante und strukturierte Darstellung sowie durch sprachliche Klarheit." Dirk Olzen JURA - Juristische Ausbildung - 2011, 275"Klar strukturiert und sprachlich prägnant schweift er nie vom vorgegebenen Pfad ab, sondern erfüllt das abstrakte Thema mit Leben. Einmal durchgearbeitet, ist der Grundstein für überdurchschnittliche Noten im Zivilrecht gelegt." Mirko Laudon JuraBiblio.de - http://www.jurabiblio.de/2011/09/bork-allgemeiner-teil-des-bgb.html (09/2011)"Ein auffallend positiver Punkt ist damit die sehr gut gelungene Darstellung der Zusammenhänge der verschiedenen §§ des Bürgerlichen Gesetzbuches. Es werden so nicht nur die Inhalte und Diskussionen gezeigt, sondern es wird ein umfassendes Verständnis beim Leser erzeugt. Es wird ein Bezug zu anderen Teilen des BGB geschaffen, der entweder später im Studium oder für Fortgeschrittene Verbindungen offenlegt wie in sonst kaum einem Buch." Matthias Gebhardt www.studjur-online.de (05/2011)

This book examines the circumstances under which a company needs restructuring, and for which companies that would be possible given the nature of the corporation and the economic viability. It discusses the criteria for judging whether a reorganization has been a success. Bork considers the legal mechanisms involved in restructuring including the extent to which the law provides the rules for a moratorium and the rights creditors may exercise over the debtor's assets. It also tackles the legal processes and how a reorganization can be commenced. The book includes analysis of the role of management and the partners or shareholders and the extent to which either legal system assigns the decision-making powers to the right persons. It considers how each regime deals with the assets involved and whether there are rules to reverse payments made during the crisis and the possibility of a set-off claim. Other aspects considered include special rules for terminating or modifying disadvantageous contracts including contracts of employment, and costs of restructuring procedures under given legal conditions. Providing a thorough consideration of the extent to which English and German company law (including the proposed changes to German law) enhances or limits the prospects of businesses seeking to reorganize, this work offers a valuable reference source for practitioners advising companies on where to base their restructuring and gives scholars further research material concerning the remaining issues in English and German restructuring law.

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