This book explains how and why insolvency law in emerging economies needs to be reinvented. It starts by examining the importance of insolvency law for the promotion of economic growth as well as the similarities and divergences in the design of insolvency law around the world. The central thesis of the book is that insolvency law in emerging economies fails to serve as a catalyst for growth. It is argued that this failure is mainly due to the design of an insolvency legislation that is not tailored to the market and institutional environment generally existing in emerging economies. The book also provides a critical analysis of the design of insolvency law in many advanced economies where the insolvency system has proven to be unattractive for debtors, creditors or both. Therefore, in addition to suggesting a new insolvency framework for emerging economies, this book ultimately invites readers to rethink insolvency law.

This book explores how and why insolvency law in emerging economies needs to be reinvented.

About the Author
Aurelio Gurrea-Martinez is Associate Professor of Law and Head of the Singapore Global Restructuring Initiative at Singapore Management University. His research interests fall within the intersection of law and finance, with particular emphasis on corporate governance, financial regulation and corporate insolvency law, and how legal and institutional reforms may promote entrepreneurship, innovation, access to finance and economic growth.


Book Information
ISBN 9781009431712
Author Aurelio Gurrea-Martinez
Format Hardback
Page Count 340
Imprint Cambridge University Press
Publisher Cambridge University Press