“Corporate creditors face a unique risk of debtor opportunism in all jurisdictions. This is why all legal systems provide mechanisms designed to protect corporate creditors through a mix of regulatory strategies that reflects different styles of adjudication and enforcement, as well as diversity in insolvency proceedings.
Nevertheless, it can be said, that we are witnessing a convergence of the legal strategies boosting creditor protection, which is to be welcomed.”
Using your own creditor protection coding, and comparing it to one of the countries already coded of your choice, critically analyse this statement and question showing good evidence of wider reading and clear evidence of a comparative study.
