Norms in private bankruptcy: the 'London Approach' to the resolution of financial distress

In recent years law and economics scholarship has expanded its frame of reference to incorporate the role of social norms in shaping the incentives of actors. This shift in perspective has yet to filter through to the literature on insolvency, which has to date concentrated on the role of legal rule...

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Bibliographic Details
Main Authors: Armour, J, Deakin, S
Format: Journal article
Published: Taylor and Francis 2001