The Vultures Fly East: The Creation and Globalisation of the Distressed Debt Market
UCD; University College London; University of Westminster School of Law
ADAPTING LEGAL CULTURES, D. Nelken, ed., pp 257-278, Oxford: Hart, 2001
Corporate insolvency and bankruptcy have given rise to new markets, including global ones, in which lawyers have been key players. This paper examines the role of lawyers in informal restructuring through an analysis of the London Approach and the rise of the distressed debt market.
Number of Pages in PDF File: 22
Keywords: bankruptcy, insolvency, law firms, lawyers, globalization, london approach, distressed debt, vulture funds
JEL Classification: J44, K33, L14Accepted Paper Series
Date posted: December 6, 2006
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