Project R-12871
Title
INSOL project: When liquidation is not an option - Local Public Entities in distress (Research)
Abstract
This research project analyses the impact of the financial distress of local public entities (LPEs). LPEs are not limited to local authorities but include any entities providing essential public services. This project may also make reference to state-owned enterprises (SOEs) to the extent that the discipline of their contracts is strictly linked to or affected by the rules applicable to LPEs in distress. The commencement of insolvency or special procedures to deal with their distress impacts on local and national communities in a more disruptive manner than many "traditional" corporate cases. Coupled with the lack of global studies and guidance on these issues, these considerations suggest the need to undertake this project.
Period of project
11 September 2021 - 16 March 2022