This project quantitatively and qualitatively compares corporate insolvency regimes by means of key insolvency factors. Our focus lies on priority settings and plan voting schemes, which substantially limit and hence determine corporate debt. We therefore compare crucial elements of plan voting mechanisms, e.g., voting rights, majorities, cram down, and the prioritization of different debts (e.g. employee claims, taxes or derivatives) in insolvency regimes around the world.

Funded by the European Union (ERC, RESOLVENCY, 950427). Views and opinions expressed are however those of the author(s) only and do not necessarily reflect those of the European Union or the European Research Council Executive Agency. Neither the European Union nor the granting authority can be held responsible for them.