A Few Shades of Rescue: Towards an Understanding of the Corporate Rescue Concept in England and Wales

Abstract

The paper takes a brief introductory examination of the two prevalent notions of corporate rescue in England and Wales: the business rescue and company rescue perspectives. It argues that the core difference between both concepts lies in the nature of the sale. In the latter, a hypothetical sale is made to the buyer, while the former requires an actual sale. It argues that our focus should be on achieved sustained rescue outcomes instead.

Keywords: Corporate Rescue, Company Rescue, Business Rescue, Company failure, Bankruptcy, Insolvency, Reorganization, Restructuring, Comparative Reorganization

JEL Classification: G33, G34