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Bankruptcy-remote transactions and bankruptcy law : a comparative approach (part 1) : changing the focus on vehicle shielding

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dc.affiliation.areaUC3M. Área de Derecho Mercantiles
dc.affiliation.dptoUC3M. Departamento de Derecho Privadoes
dc.contributor.authorRamos Muñoz, David
dc.date.accessioned2017-09-19T13:57:32Z
dc.date.available2017-09-19T13:57:32Z
dc.date.issued2015-03-29
dc.description.abstractBankruptcy-remote transactions are complex, but no longer rare. They are used by parties to insulate a pool of assets from the insolvency of the party that originated them. That party (originator/sponsor) transfers the assets (or the risk associated to them) to a Special Purpose Vehicle, a dummy corporation or trust, and they will be outside the reach of the creditors of the originator/sponsor... at least in theory. This article explores the instances where such vehicle insulation, or 'shielding' can be, or has been tested. Contrary to the theory, it concludes that direct threats, such as veil piercing, substantive consolidation, or re-characterization of the transaction, are not actual threats; yet practice also shows that there are other instances where the vehicle's assets are put temporarily in the hands of the originator in more indirect ways.en
dc.format.extent36es
dc.format.mimetypeapplication/pdf
dc.identifier.bibliographicCitationBankruptcy-remote transactions and bankruptcy law : a comparative approach (part 1) : changing the focus on vehicle shielding . En: Capital Markets Law Journal, v. 10, n. 2, pp. 239-274en
dc.identifier.doi10.1093/cmlj/kmv020
dc.identifier.issn1750-7219
dc.identifier.publicationfirstpage239es
dc.identifier.publicationissue2es
dc.identifier.publicationlastpage274es
dc.identifier.publicationtitleCapital Markets Law Journalen
dc.identifier.publicationvolume10es
dc.identifier.urihttps://hdl.handle.net/10016/25288
dc.identifier.uxxiAR/0000018768
dc.language.isoeng
dc.publisherOxford University Pressen
dc.relation.publisherversionBankruptcy-remote transactions and bankruptcy lawen
dc.rights© The Author(s) (2015). Published by Oxford University Press. All rights reserved.en
dc.rights.accessRightsopen accessen
dc.subject.ecienciaDerechoes
dc.titleBankruptcy-remote transactions and bankruptcy law : a comparative approach (part 1) : changing the focus on vehicle shieldingen
dc.typeresearch article*
dc.type.hasVersionAM*
dspace.entity.typePublication
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