Hardback

Executory Contracts in Insolvency Law

A Global Guide

2nd edition

9781803923413 Edward Elgar Publishing

Edited by Jason Chuah, Professor of Law, University of Malaya, Malaysia and City, University of London, UK and Eugenio Vaccari, Senior Lecturer in Law, Royal Holloway, University of London, UK

Publication Date: 2023 ISBN: 978 1 80392 341 3 Extent: 672 pp

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Critical Acclaim

Contributors

Contents

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Executory Contracts in Insolvency Law offers a unique and wide-ranging transnational study of the treatment of ongoing contracts when one of the parties becomes insolvent. This second edition not only updates existing material, but also extends the analysis to key developing economies and restructuring hubs. Written by experts with extensive practical and scholarly knowledge in the field, this is a cutting-edge investigation into the philosophies and rationales behind the different policy choices adopted by more than 30 jurisdictions across the globe.

Key Features:
• Contributions from more than 40 insolvency law experts
• Exploration of ipso facto clauses and procedural issues
• Consideration of the economic impact of the COVID-19 pandemic
• Targeted footnote references, including non-English sources, for further reading
• Rigorous coverage of recent developments and reforms and discussion of the procedural challenges they present
• Incisive analysis of insolvency law in a broad range of countries, including those with emerging economies and with hybrid systems of law
• Substantially revised material, including wholly rewritten chapters on Germany and Singapore and a brand new chapter on South Korea

Providing a globalised and comparative perspective on executory contracts in insolvency law, this book will be an invaluable tool for legal practitioners requiring a cross-border perspective on the subject as well as academics and researchers in the field. Policy makers and institutions seeking to introduce insolvency law reforms in their home countries can draw from the comparative nature of the book to devise better, more effective reforms.

Critical Acclaim

‘The treatment of executory contracts in insolvency differs significantly across jurisdictions. Therefore, getting a comprehensive understanding of the different approaches existing around the world is not an easy task. Fortunately for the insolvency community, Professor Jason Chuah and Dr Eugenio Vaccari have helped us navigate that challenge by leading this excellent book that is expected to become an essential reading for practitioners, academics, judges and policy makers.’
– Aurelio Gurrea-Martínez, Singapore Management University

Contributors

Contributors: Scott Abel, José Carles, Christian Chamorro-Courtland, Jason Chuah, Carlos Cuesta, Rolef de Weijs, Indrajit Dube, David Christoph Ehmke, Jasnica Garašić, Emilie Ghio, Rolandino Guidotti, Frank Heemann, Chun Jin, Andrius Juškys, Çağlar Kaçar, Felix Kernbichler, Borhan Uddin Khan, Dmitry Konstantinov, Line Herman Langkjaer, Zheng Hui Sean Lee, José Maria Lezcano Navarro, Yingxiang Long, Morshed Mannan, Clement Marumoagae, Héctor José Miguens, Alfonso Nocilla, Loukas Panetsos, Rebecca Parry, Siniša Petrović, Muhammad Mahbubur Rahman, Roberta Righi, Chiyong Rim, Gelanda Shkurtaj, Stacey Steele, Elizabeth Streten, Jarmo Tuomisto, Eugenio Vaccari, Marco Verdonk, Jessica Winters, Annika Wolf, Katja Zdolšek

Contents

Contents:

Preface xxxiv
Table of cases xxxvi
Table of legislation xxxvii
1 A thematic and comparative evaluation of executory contracts and ipso facto clauses 1
Jason Chuah

PART I COMMON LAW SYSTEMS
2 Executory contracts in insolvency: The Australian perspective 30
Elizabeth Streten
3 Executory contracts in insolvency: The Bangladeshi Perspective 51
Morshed Mannan, Muhammad Mahbubur Rahman and Borhan Uddin Khan
4 Executory contracts in insolvency: The English Perspective 66
Eugenio Vaccari
5 Executory contracts in insolvency: The Indian perspective 89
Indrajit Dube
6 Executory contracts in insolvency: The New Zealand perspective 103
Scott Abel
7 Executory contracts in insolvency: The Singaporean Perspective 119
Lee Zheng Hui Sean
8 Executory contracts in insolvency: The US perspective 142
Roberta Righi and Jessica Winters

PART II NORDIC/BALTIC SYSTEMS
9 Executory contracts in insolvency: The Danish perspective 161
Line Herman Langkjaer
10 Executory contracts in insolvency: The Finnish perspective 178
Jarmo Tuomist
11 Executory contracts in insolvency: The Lithuanian perspective 193
Frank Heemann and Andrius Juškys

PART III CIVIL LAW SYSTEMS
12 Executory contracts in insolvency: The Albanian perspective 213
Gelanda Shkurtaj
13 Executory contracts in insolvency: The Argentinian perspective 228
H.ctor Jos. Miguens
14 Executory contracts in insolvency: The Austrian perspective 247
Felix Kernbichler
15 Executory contracts in insolvency: The Chinese perspective 265
Yingxiang Long and Rebecca Parry
16 Executory contracts in insolvency: The Croatian perspective 284
Jasnica Garašić and Siniša Petrović
17 Executory contracts in insolvency: The French perspective 310
Emilie Ghio
18 Executory contracts in insolvency: The German perspective 328
David Christoph Ehmke and Annika Wolf
19 Executory contracts in insolvency: The Greek perspective 348
Loukas Panetsos
20 Executory contracts in insolvency: The Italian perspective 363
Rolandino Guidotti
21 Executory contracts in insolvency: The Japanese perspective 385
Chun Jin and Stacey Steele
22 Executory contracts in insolvency: The Dutch perspective 402
Marco Verdonk and Rolef de Weijs
23 Executory contracts in insolvency: The Panamanian perspective 422
Jos. Maria Lezcano Navarro
24 Executory contracts in insolvency: The Russian perspective 440
Dmitry Konstantinov
25 Executory contracts in insolvency: The Slovenian perspective 455
Katja Zdolšek
26 Executory contracts in insolvency: The South Korean perspective 471
Chiyong Rim
27 Executory contracts in insolvency: The Spanish perspective 491
Jos. Carles and Carlos Cuesta
28 Executory contracts in insolvency: The Turkish perspective 508
Çağlar Kaçar
PART IV HYBRID OR MIXED SYSTEMS
29 Executory contracts in insolvency: The Canadian perspective 522
Alfonso Nocilla
30 Executory contracts in insolvency: The South African perspective 538
Clement Marumoagae
31 Executory contracts in insolvency: The United Arab Emirates and its free zones 557
Christian Chamorro-Courtland