Insolvency Law in Individual Countries
Insolvency regimes around the world have evolved in very different ways, with laws focusing on different strategies for dealing with the insolvent corporate. The outcome of an insolvent restructuring can be very different depending on the laws of the state in which the insolvency proceeding is run, and in may cases different stakeholders in a company may hold the advantage in different jurisdictions.
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Famous quotes containing the words law, individual and/or countries:
“The wit of man has devised cruel statutes,
And nature oft permits what is by law forbid.”
—Ovid (Publius Ovidius Naso)
“Opinions are not to be learned by rote, like the letters of an alphabet, or the words of a dictionary. They are conclusions to be formed, and formed by each individual in the sacred and free citadel of the mind, and there enshrined beyond the arm of law to reach, or force to shake; ay! and beyond the right of impertinent curiosity to violate, or presumptuous arrogance to threaten.”
—Frances Wright (1795–1852)
“At the end of one millennium and nine centuries of Christianity, it remains an unshakable assumption of the law in all Christian countries and of the moral judgment of Christians everywhere that if a man and a woman, entering a room together, close the door behind them, the man will come out sadder and the woman wiser.”
—H.L. (Henry Lewis)