Insolvency Law, Restructuring Law and Modern Financial Markets

4 Pages Posted: 15 Mar 2015

See all articles by Sarah Paterson

Sarah Paterson

London School of Economics - Law Department

Date Written: March 2015

Abstract

The finance market has undergone rapid change in developed Western economies in the last decade. In much of Europe the concentrated finance market in which a small group of banks controlled the flow of finance to large and small companies has given way to a dispersed creditor economy. In both Europe and the US there has been an explosion of secured credit and the market for buying and selling debt of distressed companies has matured so that those holding the debt of a financially distressed company will, in many cases, not be the lenders who originally advanced the funds.

Keywords: Insolvency Law, Restructuring Law, Chapter 11

Suggested Citation

Paterson, Sarah, Insolvency Law, Restructuring Law and Modern Financial Markets (March 2015). LSE Law - Policy Briefing Paper No. 8. Available at SSRN: https://ssrn.com/abstract=2577742 or http://dx.doi.org/10.2139/ssrn.2577742

Sarah Paterson (Contact Author)

London School of Economics - Law Department ( email )

Houghton Street
London WC2A 2AE, WC2A 2AE
United Kingdom

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