Howard Morris reviewed the book Corporate Reorganization Law and Forces of Change by Sarah Paterson, which aims to fill the gap between “how the concepts that are engaged in the corporate reorganization law debate connect with the real world of corporate reorganization,” for Recovery.
“The reader, whether progressive- or economist-minded, is going to reach the ineluctable view that developed economies need corporate reorganization mechanisms responding to grownup stakeholders in complex capital structures, strongly adjusting, sophisticated investors and the need is for the mechanism to work before the financial contagion reaches the operating companies,” Howard wrote. “This isn’t a text book; it’s a book for people who work in and with the restructuring world. Because it is a book, it is able to fill out the arguments that Paterson has discussed in previous articles and talks and allows her to deploy the evidence that support and make her arguments. It is an important contribution to a discussion we need to continue as we consider how we can use the legal tools to deal with the problems business and the economy now face.”
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