A Comparative Study of US and Japanese Bankruptcy Laws for Enabling Early-Stage Business Revitalization using Out-of-Court Workouts
| Project/Area Number |
15K03224
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| Research Category |
Grant-in-Aid for Scientific Research (C)
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| Allocation Type | Multi-year Fund |
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| Section | 一般 |
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| Research Field |
Civil law
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| Research Institution | Waseda University |
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Principal Investigator |
Yamamoto Ken 早稲田大学, 法学学術院(法務研究科・法務教育研究センター), 教授 (90289661)
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| Research Collaborator |
McDermott Megan Wisconsin University, Law School, Prof.
Wang Zhizhou University of Washington, Research Fellow
Kono Dayne Masuda-Funai Law Firm, Attorney at Law
Hammersmith Timothy Masuda-Funai Law Firm, Attorney at Law
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| Project Period (FY) |
2015-04-01 – 2018-03-31
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| Project Status |
Completed (Fiscal Year 2017)
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| Budget Amount *help |
¥3,640,000 (Direct Cost: ¥2,800,000、Indirect Cost: ¥840,000)
Fiscal Year 2017: ¥1,170,000 (Direct Cost: ¥900,000、Indirect Cost: ¥270,000)
Fiscal Year 2016: ¥1,170,000 (Direct Cost: ¥900,000、Indirect Cost: ¥270,000)
Fiscal Year 2015: ¥1,300,000 (Direct Cost: ¥1,000,000、Indirect Cost: ¥300,000)
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| Keywords | 倒産法 / 事業再生 / 事業再生ADR / 裁判外ワークアウト / 私的整理 / 連邦倒産法 / 倒産手続 / 早期事業再生 / 倒産ADR / 事業再生ＡＤＲ / 倒産ＡＤＲ / プレパッケージ |
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| Outline of Final Research Achievements |
This research focuses on the comparison of US and Japanese bankruptcy laws in the areas of corporate reorganization from the standpoint of facilitation of corporate restructuring. To pursue this research, I stayed at the University of Wisconsin, Law School, as a visiting scholar from September 2015 to February 2017 and conducted a comparative examination of various systems for early-stage business reconstruction.
After coming back to Japan, I tried to clarify the essence of the methods of early-stage business reconstruction within the U.S. Bankruptcy Laws and I found that the key factors are (a) Pre-packed and Pre-arranged Ch 11, (b) early-stage business transfer via Bankruptcy §363 Sales and (c) methods of selecting sponsors before commencing legal proceedings. Then, I tried to apply the results of my analysis in debates on corporate reorganization in Japan and examined a desirable legal system for enabling early-stage business revitalization through the use of out-of-court workouts.
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Report
(4 results)
Research Products
(4 results)
