Compensating defrauded shareholders in insolvency: is parity the answer?
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Mamutse, Blanca (2011) Compensating defrauded shareholders in insolvency: is parity the answer? Northern Ireland Legal Quarterly, 62 (1). pp. 75-98.
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Official URL: http://www.legalperiodicals.org
Abstract
This paper studies recent developments in Australian and US law permitting compensation for defrauded investors. For insolvent companies, these developments have drawn attention to the possibility of investor claims being satisfied on parity with the claims of ordinary unsecured creditors. This paper proposes that such a shift may be justified on the basis of a modern perspective of the principles underpinning corporate law. However, account must also be taken of the more practical implications which may hinder a widespread acceptance of parity.
| Item Type: | Article | ||||||
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| Divisions : | Faculty of Arts and Social Sciences > School of Law | ||||||
| Authors : |
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| Date : | 2011 | ||||||
| Additional Information : | Reproduced with the publisher's permission. | ||||||
| Depositing User : | Christine Daoutis | ||||||
| Date Deposited : | 25 Mar 2011 14:41 | ||||||
| Last Modified : | 31 Oct 2017 14:06 | ||||||
| URI: | http://epubs.surrey.ac.uk/id/eprint/2810 |
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