Financing Of Companies In Insolvency: International Aspects

Abstract:

The success of the reorganization plan of a company in insolvency may depend on the financing of the company's business. This can be done either by granting loans to the legal person in insolvency or by infusion of capital, followed by an amendment to its constituent acts. The new Code of Insolvency includes provisions to ensure the fluency of the insolvency procedure. Thus, a framework for providing financing to insolvent firms has been created and some aspects have been clarified regarding the ongoing contracts of a company in insolvency. Also, the new regulations changed the way the voting plan was reorganized. The purpose of this article is to analyze the concrete ways in which this funding is being carried out and what particularities it requires when it is concerned, financing is international.

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