Private Law Research

The Appropriateness of judicial Intervention with the Degree of Corporate Insolvency in Iran᾽s law and France Law"

Document Type : Research Paper

Authors

Zahra Mahmudi 1
Mahdi Montazar 2
Hamid reza Adabi 3
Eisa Kheiri 4

1 Ph.D. Student in private Law. Islamic Azad University South Tehran Branch. Iran.Tehran

2 Asistant Professor of Private Law. Islamic Azad University. Faculty of Humanities. Damavand Branch, Damavand. Iran.

3 Asistant Professor of Public Law. Islamic Azad University North Tehran Branch. Iran,Tehran.

4 Associate Professor of Private Law. Islamic Azad University South Tehran Branch Tehran. Iran.

https://doi.org/10.22054/jplr.2022.64999.2633
Abstract
The degree of corporate insolvency varies significantly between enterprises. However, a formal classification of these insolvency degree is missing. Additionally,  the appropriateness of available proceedings with different degrees of bankruptcy is still a matter of active debate.  In this article, we first introduce three distinct stages of insolvency, namely the third degree (likely), the second degree (final), and the first degree (critical). We then perform a comparative analysis of Iranian and French law to study the extent to which judicial interventions match the introduced degrees of corporate insolvency. Iranian law provides a wide range of procedures for third-degree insolvency, including ″trade insolvency″ ″immediate settlement″, ″temporary control″, ″halt prevention″, ″production support″, and ″preventive scheme of arrangement. ″ French law, on the other hand, provides mechanisms for ″alert″, ″ad hoc representative″, ″compromise arrangement″, ″conciliation″, and ″safeguard proceedings." In the second degree case, both countries offer proceedings for ″scheme of arrangement″ and ″reorganization planning; ″ however, their logic and executive processes differ.
 Finally, for the first-degree insolvency, both countries ultimately end in liquidation proceedings.

Keywords

Enterprise
corporate insolvency
Safeguard Proceeding
Judicial Liquidation
Judicial Reorganization
Ad hoc Representative
Bernstein, Donald, "The Insolvency Review", 8th ed, (London: Law Business Research Ltd, 2020).
Bork, Reinhard,"Corporate Insolvency Law", (London: Intersentia Ltd, 2020).
Cornu, Gérard, "Vocabulaire Juridique", 11e é edition (Paris: Press Universitaires de France: 2016).
Derrida, Gode, Sortais et honorat, "Redressement ét Liquidation Judiciaire des Entreprises, avec La Collaboration", 3th ed, Dalloz.
Gullifer, Louise & Jennifer Payne, "Corporate Financial law, Principles and policy", third edition, Hart publishing, 2020.
Yves, Guyon, "Entreprises en difficulté, Encyclopédi ecommercial", (France: Dalloz, 1996).
Jacquemont, André et Régis Vabres, "Droit des entreprises en difficulté", 9e édition, (LexisNexis, 5015).
Pérochon, Françoise, "Entreprises en difficulté", 10e édition, (LGDJ, 2014).
Ripert George et Roblot René, "Droit Commercial", 9 th éd, (L. G. D. J., 1981).
Rodiere Ren.é et Oppetit Bruno, " Droit Commercial", 8 th éd, Dalloz, 1978.
Andrew, Tetley., Reed, Smith, Marcel, Beyle, "Insolvency Law in France", (France: EA 4332 Limoges University, 2009).
 
In Persian
 
Eskini, Rabia, Commercial Law: Bankruptcy and Liquidation, 3ed (Tehran: Samat, 1999) (In Persian).
Azami Zangeneh, Abdolhamid, Commercial Law, 4th, (Tehran: Bina, 1974) (In Persian).
Anvaripour, Seyed Mohsen, Bankruptcy in Iran Law, (Qom: Hekmat, 1974) (In Persian).
Pasban, Mohammad Reza, Commercial Company Law, 6th, (Tehran: Dadgostar, 2000) (In Persian).
Sotudeh Tehrani, Hassan, Commercial Law, Vol 4, 4th, (Tehran: Dadgostar, 2000) (In Persian).
Saghari, Mohammad, Commercial Law and Bankruptcy, 3th, (Tehran: Sahami Enteshar, 2017) (In Persian)..
Kaviani, Horush, Bankruptcy Law, 3th, (Tehran: Mizan, 2014) (In Persian).
 
 
Private Law Research
Volume 10, Issue 39
Spring 2023
Pages 143-173

Main Page

Editorial Boards

Guide for Authors

Contact Us