The Vultures Fly East: The Creation and Globalisation of the Distressed Debt Market
ADAPTING LEGAL CULTURES, D. Nelken, ed., pp 257-278, Oxford: Hart, 2001
22 Pages Posted: 6 Dec 2006
Corporate insolvency and bankruptcy have given rise to new markets, including global ones, in which lawyers have been key players. This paper examines the role of lawyers in informal restructuring through an analysis of the London Approach and the rise of the distressed debt market.
Keywords: bankruptcy, insolvency, law firms, lawyers, globalization, london approach, distressed debt, vulture funds
JEL Classification: J44, K33, L14
Suggested Citation: Suggested Citation