Normative Bricolage: Informal Rule Making by Accountants and Lawyers in Mega Insolvencies
GLOBAL LAW WITHOUT A STATE, G. Teubner, ed., pp. 109-131, Dartmouth: Aldershot, 1997
23 Pages Posted: 7 Dec 2006
The Maxwell bankruptcy was the first big international insolvency, one that moved into primary proceedings simultaneously in London and New York. This set up a battle between British administration and US Chapter 11. The intervention by certain individuals who had thought about the consequences of such bankruptcies, including lawyers and judges, enabled a private system of law to emerge to handle these incommensurable systems.
Keywords: globalization, bankruptcy, insolvency, chapter 11, administration, lawyers, accountants
JEL Classification: J44
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