Abstract

http://ssrn.com/abstract=1496572
 
 

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Privatizing Ethics in Corporate Reorganizations


A. Mechele Dickerson


University of Texas School of Law

2009

Minnesota Law Review, Vol. 93, No. 875, 2009
U of Texas Law, Law and Econ Research Paper No. 156

Abstract:     
This Article highlights the increased presence and influence of managers who are hired as a result of creditor demands - that is, privatized trustees. These creditor-controlled private trustee increasingly are performing duties and holding roles traditionally associated with a public, statutorily authorized trustee. This Article considers how ethical and fiduciary duties should be constructed and then imposed on the people who control firms in bankruptcy. The Article ultimately concludes that privatized trustees should have the same ethical obligations and duties in bankruptcy cases as the duties the Bankruptcy Code imposes on public, statutorily authorized trustees.

Number of Pages in PDF File: 58

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Date posted: October 30, 2009  

Suggested Citation

Dickerson, A. Mechele, Privatizing Ethics in Corporate Reorganizations (2009). Minnesota Law Review, Vol. 93, No. 875, 2009; U of Texas Law, Law and Econ Research Paper No. 156. Available at SSRN: http://ssrn.com/abstract=1496572

Contact Information

A. Mechele Dickerson (Contact Author)
University of Texas School of Law ( email )
727 East Dean Keeton Street
Austin, TX 78705
United States
512-232-1311 (Phone)
512-471-6988 (Fax)
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