The Maxwell Case
John A. E. Pottow
University of Michigan Law School
BANKRUPTCY LAW STORIES, R. Rasmusen, ed., pp. 222-237, 2007
U of Michigan Law & Economics, Olin Working Paper No. 07-012
U of Michigan Public Law Working Paper No. 89
International bankruptcy scholars well know the Maxwell case as probably the most important litigation precedent in this fledgling jurisprudential field. What they tend to know less about is the "back story" of the redoubtable Robert Maxwell (born Jan Ludwick Hock). A towering, inspiring, and larger than life figure, Maxwell built an international publishing empire that spanned the globe before it came crashing down in scandal after his mysterious death. This book chapter (in a book devoted to the back stories of famous bankruptcy cases) explores Maxwell's life, business, fall from grace and, of course, posthumous bankruptcy. In so doing, it analyzes both the legal issues involved in the regulation of cross-border financial distress as well as certain eternal truths about the human condition (and, indeed, the corporate form).
Number of Pages in PDF File: 18
Keywords: posthumous bankruptcy
JEL Classification: G33
Date posted: July 19, 2007
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