The essay deals with the impact on corporate and contract governance of creditor’s intervention in the management of the financed company. In fact, the conventional notion according to which the creditor was not endowed with sufficient incentives to manage the company has gradually been overcome since the development of new contractual types that grant the lender conformative rights in the debtor company. By contrast, the contribution from the creditor might enforce both the entity’s commercial operations and, in general, the market structures in which the debtor company participates.
THE ROLE OF CREDITORS IN CORPORATE AND CONTRACT GOVERNANCE
SICA T
2022-01-01
Abstract
The essay deals with the impact on corporate and contract governance of creditor’s intervention in the management of the financed company. In fact, the conventional notion according to which the creditor was not endowed with sufficient incentives to manage the company has gradually been overcome since the development of new contractual types that grant the lender conformative rights in the debtor company. By contrast, the contribution from the creditor might enforce both the entity’s commercial operations and, in general, the market structures in which the debtor company participates.File in questo prodotto:
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