A Study on Comprehensive Collateral Regulation in Business Restructuring Using ABL

2021 Fiscal Year Final Research Report

• Project/Area Number: 17K03457
• Research Category: Grant-in-Aid for Scientific Research (C)
• Allocation Type: Multi-year Fund
• Section: 一般
• Research Field: Civil law
• Research Institution: Seijo University (2019-2021); Nagoya University (2017-2018)
• Principal Investigator: IKEDA Masanori 成城大学, 法学部, 教授 (20261266)
• Project Period (FY): 2017-04-01 – 2022-03-31
• Keywords: 流動資産担保 / 集合動産譲渡担保 / 集合債権譲渡担保 / 包括担保法制 / 債務者の経済的危機状態

Outline of Final Research Achievements

With regard to comprehensive security interests during the turnaround phase, it has been said that it is necessary to maintain collateral control by the previous creditors while ensuring the necessary collateral control by the new creditors supporting the turnaround, and that coordination between the two is necessary. However, since a company continues to operate during the turnaround phase, albeit for the purpose of rehabilitation, it may be possible to understand that the situation is not significantly different from one in which multiple comprehensive security interests are competing against each other in normal times.

Free Research Field

民事法学

Academic Significance and Societal Importance of the Research Achievements

従来事業再生局面における包括的担保については、債務者の経済的危機状態以前（平時）の債権者による包括的担保の効力を、そのまま経済的危機状態にある債務者との関係で認めるべきではないとの理解の下で、その適切な効力をどのように構築するのかが問題とされてきた。しかし、今回獲得し得た示唆によれば、平時における包括的担保の効力と異なる効力を危機時に認める必要性がないのではないかと疑念を生じさせるものであり、その意味において、新たな視点を獲得できたのではないかと考える。