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

13 Pages Posted: 16 Nov 2014

Date Written: November 14, 2014

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

Suggested Citation

Adebola, Bolanle, A Few Shades of Rescue: Towards an Understanding of the Corporate Rescue Concept in England and Wales (November 14, 2014). Available at SSRN: https://ssrn.com/abstract=2524488 or http://dx.doi.org/10.2139/ssrn.2524488

Bolanle Adebola (Contact Author)

University of Reading ( email )

School of Law
Foxhill House
Reading, RG6 7BA
United Kingdom

HOME PAGE: http://https://www.reading.ac.uk/law/about/staff/b-adebola.aspx

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