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Transactions with Creditors

John Armour, Gerard Hertig, and Hideki Kanda

in The Anatomy of Corporate Law: A Comparative and Functional Approach

Published in print:
2017
Published Online:
March 2017
ISBN:
9780198739630
eISBN:
9780191837982
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780198739630.003.0005
Subject:
Law, Company and Commercial Law

A firm’s creditors have a dual role; under ordinary circumstances, they are no more than contractual counterparties. However, if the firm defaults on payment obligations, its creditors become ... More


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