Ali Ansari; javad askari dehnavi
Abstract
Banks, like any other commercial entity, are likely to encounter the risk of insolvency and consequently go bankrupt for some reasons. As the provisions on bankruptcy are subject to the rules and regulations of the Commercial Code, the solution for dealing with a bankrupt bank is to declare its bankruptcy ...
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Banks, like any other commercial entity, are likely to encounter the risk of insolvency and consequently go bankrupt for some reasons. As the provisions on bankruptcy are subject to the rules and regulations of the Commercial Code, the solution for dealing with a bankrupt bank is to declare its bankruptcy and liquidate its assets. However, declaring a bank’s bankruptcy and going through the bankruptcy process would have an adverse impact on the economy of the country concerned. Banks play a remarkable role in the development and growth of countries’ economy as a result of lending; thus, their existence and operation are highly vital in the development of domestic and international trade. Furthermore, insolvency and bankruptcy of banks would havoc payment systems and harm the public trust, which eventually result in decline in investments. Therefore, the approach of bankruptcy declaration and liquidation of banking assets exposed to bankruptcy is not a logical approach and it is also not in line with the economic principles. The aim of this article is to discuss the preventive legal tools regarding banks’ bankruptcy, which are at the risk of going bankrupt, in parallel with examining the approach of developed countries in this regard.
Ebrahim Rahbari
Abstract
Mergers have always raised competition concerns and competition authorities have tried to prevent anticompetitive practices made through them. One of the most efficient methods is designing a framework to primary evaluation of proposed mergers and striking a balance through the validation of mergers ...
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Mergers have always raised competition concerns and competition authorities have tried to prevent anticompetitive practices made through them. One of the most efficient methods is designing a framework to primary evaluation of proposed mergers and striking a balance through the validation of mergers by employing structural and conduct remedies. In IP domain, the mentioned measures in the light of particular matters of such field, come to assist competition authorities in order to modify the mergers in waiting period and provide a proper chance in utilizing the potentials of the mergers in promoting innovation and technology development. By analyzing the solutions proposed by US and EU law, this research aims to examine different types of remedies relevant to proposed mergers and clarify their efficiency, challenges and developments in IP field. This article also tries to regulate and justify the process of validation the proposed mergers subject to some conditions by making an interpretation on existing legal rules contained in Iranian laws.
