No 'Silver Bullet': A Multifaceted Approach to Curbing Harmful Phoenix Activity
Company and Securities Law Journal, Vol. 35, No. 4, pp. 277-282, 2017
7 Pages Posted: 18 Jul 2017
Date Written: July 14, 2017
Phoenix activity causes significant economic harm. In this research note the authors commence by identifying several reasons why harmful phoenix activity is prevalent. They then identify a multifaceted approach to curbing harmful phoenix activity. That approach is to make all phoenix activity visible (detection), make it more difficult to engage in harmful phoenix activity (disruption), and, where harmful phoenix activity does occur, to ensure that it is properly investigated and subjected to legal action to punish and deter wrongdoers, as well as to compensate victims (enforcement).
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