Studies in Convergence? Post-Crisis Effects on Corporate Rescue and the Influence of Social Policy: The EU and the USA

(2016) 25(1) International Insolvency Review 72

38 Pages Posted: 20 May 2021

See all articles by Jennifer L. Gant

Jennifer L. Gant

University of Derby - School of Law and Criminology

Date Written: December 23, 2015

Abstract

The financial crisis and the sovereign debt crisis that it precipitated in a number of peripheral EU Member States heralded massive changes in insolvency, corporate rescue and employment protection policies. The US and the EU both suffered greatly in the wake of the crisis, but their recoveries have occurred along very different tracks. The US has managed to regain much of its position in terms of relative growth and the UK has outpaced the recoveries of those European countries that are members of the European Monetary Union. The purpose of this treatise is to explore the context of the 2007-2008 financial crisis in the US and in the EU, its impact on legal reform in corporate rescue and restructuring and those aspects of social policy implicated within insolvency systems (notably collective redundancy and transfers of undertakings), whether or not the corporate rescue and employee protection systems can be seen to be converging, in view of the different socio-economic, political and cultural aspects of the US and the EU, such convergence might be beneficial or, indeed, possible.

Keywords: insolvency, employment protection, cross-border insolvency, social policy, European Union, path dependence, employment regulation, United States, financial crisis, corporate rescue

JEL Classification: G3, J8

Suggested Citation

Gant, Jennifer, Studies in Convergence? Post-Crisis Effects on Corporate Rescue and the Influence of Social Policy: The EU and the USA (December 23, 2015). (2016) 25(1) International Insolvency Review 72, Available at SSRN: https://ssrn.com/abstract=3848571 or http://dx.doi.org/10.2139/ssrn.3848571

Jennifer Gant (Contact Author)

University of Derby - School of Law and Criminology ( email )

Kedleston Road
Derby, Derbyshire DE22 1GB
United Kingdom

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Downloads
10
Abstract Views
169
PlumX Metrics