| Tekijä: | Pullar-Strecker, T. |
| Otsikko: | Banks v bankrupts |
| Lehti: | Management Today
1996 : JAN, 1, p. 48-51 |
| Asiasana: | MANAGEMENT UNITED KINGDOM BANKS |
| Kieli: | eng |
| Tiivistelmä: | Should UK law on insolvency be changed to protect small firms - and make the banks more responsible? Until now managers of ailing firms in Britain have only been able to dream of the protection afforded by Chapter 11 in the US. There, company directors can announce a moratorium on repayments and stay in day-to-day control of their business while they search for an agreement with their creditors. The debate looks set to force the banks to justify the level of receiverships they initiated in the early nineties and may question the whole rationale of their relatively "hands-off" strictly contractual relationship with their clients. |
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