CORPORATE BANKRUPTCY: LEGAL FOUNDATIONS, SCHOLARLY DEBATES, AND DIRECTIONS FOR REFORM
Keywords:
bankruptcy, insolvency, liquidation, restructuring, court, corporate governance, creditor, director liability, financial monitoring.Abstract
This article analyzes the economic and legal aspects of corporate insolvency — bankruptcy. It discusses the factors leading to bankruptcy, mechanisms for its prevention, the role of directors, and approaches in national and international legislation. It also explores contemporary challenges of the bankruptcy institution based on scholarly opinions. Additionally, the article proposes preventive measures, financial monitoring systems for companies, and improvements to corporate governance standards.
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Azerbaijan
Türkiye
Uzbekistan
Kazakhstan
Turkmenistan
Kyrgyzstan
Republic of Korea
Japan
India
United States of America
Kosovo