by Eugenio Vaccari | Nov 4, 2024 | Bankruptcy, Insolvency, Local authorities, Local public entities, UK
In English law, local authorities facing financial distress are subject to unique legal requirements aimed at preventing insolvency, contrasting sharply with corporate insolvency procedures. Local councils must legally maintain balanced budgets under the Local...
by rpafdaccess | Sep 27, 2024 | Local public entities, Municipal distress
Author: Laura N COORDES What sorts of legal relief should be available to a municipality in financial distress? Chapter 9 of the Bankruptcy Code has served as an option of last resort for many municipalities over the years. But as this Article illustrates, Chapter 9...
by rpafdaccess | Sep 27, 2024 | Insolvency, Local public entities
Author: Laura N COORDES, Yseult MARIQUE, Eugenio VACCARI The treatment of local public entities in distress is a largely domestic, even parochial area of law. The rules in this area are largely unaffected by the influence of principles developed in other areas of law,...
by rpafdaccess | Sep 26, 2024 | Financial distress, Harmonisation, Insolvency, Local authorities, Local public entities, Model law, News, Uncitral
Author: Laura N COORDES, Yseult MARIQUE, Eugenio VACCARI This article provides a rationale for a potential model law for the treatment of distressed local public entities (LPEs). Building upon our previous work, a first-of-its-kind global study of the treatment of...
by rpafdaccess | Sep 26, 2024 | Continuity of public services, Local public entities, Political interference, Vulnerable stakeholders
Author: Laura N COORDES, Yseult MARIQUE, Eugenio VACCARI This article presents the findings of a global study on the treatment of local public entities in distress conducted in 20 jurisdictions across the world. It sets out to detail and analyse how different national...
