Introduced in 2016, the Insolvency and Bankruptcy Code overhauled Indian insolvency regime. Five years young, work progress is now process of adopting Cross-Border insolvency, which was omitted from its original mandate. In 2018, a legislatively appointed committee suggested that should adopt UNCITRAL Model Law on Cross Border Insolvency. However, Committee overlooked crucial jurisprudential gu...

There is an empirical connection between deposit insurance, risktaking, and insolvency. We argue that if banks maximize profit this amounts to a puzzle (even taking into account that deposit insurance decreases incentives for customers to monitor banks). However, we show that the empirical regularities can be well captured if bankers are motivated by reciprocity towards their customer base.

Abstract Asset tracing and recovery (ATR) has become highly challenging in the digital age, where, with touch of computer keys, assets can be shifted through multiple jurisdictions within minutes, creating significant challenges for recovering value. While many countries have tools to enable ATR, these differ from jurisdiction often are not recognized across borders a manner that keeps pace nee...

First Executive Corporation’s bankruptcy in 1991 made the insurance policyholders, investors and regulators to concern about the solvency of life insurer in US market. As First Executive Corporation had more than 15 billion dollars in assets, its failure provoked increasing debate over the prediction system of financial distress in insurance industry, the Insurance Regulatory Information System...

Little has been achieved at the EU level and internationally to harmonise various approaches taken by national laws regarding nature extent of directors’ obligations in vicinity insolvency. The first steps towards harmonisation can be seen Restructuring Directive, which aims provide initial guidance on duties directors where there is a likelihood Lithuania one countries most recently implemente...