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Insolvency Law, Restructuring Law and Modern Financial MarketsSarah PatersonLondon School of Economics & Political Science (LSE) March 2015 LSE Law - Policy Briefing Paper No. 8 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.
Number of Pages in PDF File: 4 Keywords: Insolvency Law, Restructuring Law, Chapter 11 Date posted: March 15, 2015Suggested CitationContact Information
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