Titlebook: Covenants and Third-Party Creditors; Empirical and Law & Daniela Matri Book 2017 Springer International Publishing AG 2017 Covenants.Credi

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rify the legitimacy of self-help devices and the varying vulnerability of third-party creditors in the face of potential externalities. It will begin by introducing the reason for self-help creditor protection, namely the reduction of credit risk. Afterwards, it will outline the extent to which particular creditor types can use self-help devices.

harpsichord

https://doi.org/10.1007/978-3-319-62036-7Covenants; Creditors; Tragedy of the Commons; Externalities; Insolvency law; Externality; Credit law; Credi

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978-3-319-87218-6Springer International Publishing AG 2017

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Occupation

自制

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The Self-Interested Behaviour of Banks and Its Legal LimitsThe collective effect of covenants and the event of default clause depends, therefore, on the bank’s conduct. This chapter will first describe the bank’s probable self-interested behaviour and, subsequently, use examples to discuss the legal restrictions of such self-interested conduct under German and US law.

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Self-Help Devices of Creditor Protectionrify the legitimacy of self-help devices and the varying vulnerability of third-party creditors in the face of potential externalities. It will begin by introducing the reason for self-help creditor protection, namely the reduction of credit risk. Afterwards, it will outline the extent to which particular creditor types can use self-help devices.