Majid Bana’i Osku’i
Abstract
Complaining about the bankruptcy order is very important as it affects the rights of the interested parties. Before the issuance of unified judicial precedent No. 789 of the year 2019 of the General Board of the Supreme Court, there was doubt in the doctrine regarding the rule of special provisions of ...
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Complaining about the bankruptcy order is very important as it affects the rights of the interested parties. Before the issuance of unified judicial precedent No. 789 of the year 2019 of the General Board of the Supreme Court, there was doubt in the doctrine regarding the rule of special provisions of the Commercial Law to complain about the bankruptcy order, and in practice, there was no specific jurisprudence on how to invoke these articles. Although the subject of disagreement that created the aforementioned unanimity vote is the deadline for the third party's protest against the bankruptcy order, the said decision has only emphasized the validity of the articles of the Commercial Law, which inevitably, without studying the conflicting opinions, it is difficult to understand that the subject of the dispute is the binding of the third party's protest to the times specified in the law. In addition, the validity or invalidity of the provisions of this law was only one of the questions that were answered by issuing the above decision, however, there are still many other uncertainties regarding the interested parties and their inclusion in the parties inside or outside the lawsuit, whether absent or present in the preliminary hearing, the competent court, the origin, and deadline for filing a complaint against the bankruptcy order that have been tried in this article to give clear and convincing answers to the above questions and uncertainties.
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.
Abstract
Existing a foreign interest in a case of bankruptcy – such as different nationalities of debtors and creditors or existing goods in the other country or having an agency in the second country - provides a doubt on what is the applicable law? This doubt can be separated to tow branches: what is ...
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Existing a foreign interest in a case of bankruptcy – such as different nationalities of debtors and creditors or existing goods in the other country or having an agency in the second country - provides a doubt on what is the applicable law? This doubt can be separated to tow branches: what is the applicable procedure law and what is thesubstantive applicable law and what is bankruptcy and insolvency? This research is concerned about the second branch. But in Iranian Codes and jurisdictions there is not any conflict regulars with regard to this situation. In some treaties and foreign doctrines have been provided some usable results. For this legal shortage, we need to provide a doctrine which is in harmony with the other Iranian conflict regulars to be accepted by our legal system.
Mohammad Isaeei Tafreshi; Morteza Shahbazinia; Habib Ramezani Akerdi
Abstract
In dealing with the bankruptcy regime, the legislator requires legal entities tomanage this regime for specific purposes. One of these legal entities that plays asignificant role is “automatic stay”. This legal entity is designed to preventindividual action of creditors. Different factors ...
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In dealing with the bankruptcy regime, the legislator requires legal entities tomanage this regime for specific purposes. One of these legal entities that plays asignificant role is “automatic stay”. This legal entity is designed to preventindividual action of creditors. Different factors play a role in the efficiency andinefficiency of the automatic stay. The main reasons for efficiency are increasingthe value of property of the bankrupt and reducing costs. The main cause ofinefficiency is the redistribution of wealth. In Iranian law, a limited scope andthe lack of enforcement of the automatic stay are regarded as main reasons forinefficiency of this legal entity. In the United States, the scope of automatic stayis wider than Iranian law, and this legal entity can be enforced in the former.Theautomatic stay is unavoidable in Iranian law, whereas there are different viewsin U.S. law in this regard.
