Bankruptcy Law in Industrial Restructuring and Financial Reform : How Control Risks?

产业结构调整和金融改革中的破产法：如何控制风险？

基本信息

批准号：
12620041
负责人：
SEGAWA Nobuhisa
金额：
$ 2.37万
依托单位：
HOKKAIDO UNIVERSITY
依托单位国家：
日本
项目类别：
Grant-in-Aid for Scientific Research (C)
财政年份：
2000
资助国家：
日本
起止时间：
2000 至 2001
项目状态：
已结题

项目摘要

This research aimed to investigate the recent reforms of financial law and bankruptcy law which are due to economic and financial structural changes and made some proposals for legislation and legal practice.The research results are grouped in three parts.1. The first concerns securitization and the research showed three points. First, the practice has created , various types of securitization, but they are to be observed as means to manage various inevitable risks of finance. Second, the study of the history of practice and legislation of securitization in Japan shows its immaturity and particularity. Third, the examination of legal problems of securitization proposes some new visions. The question of validity of "all account receivables" is in reality the question how to secure the future freedom of the originator and how to protect the transactional creditors against the financial creditors. As for the argument on " true sale or secured transaction ", the question is, besides the requirement of filing, whether or not if the right of the transferee is restricted in the procedure of bankruptcy. In all these respect, two types of securitization are to be distinguished, that is the securitization of pure asset as home loans and that of credit originating from some enterprise.2. The second concerns servicer law. The research analyzes the history of the legislation of the Servicer Law and make a policy proposal of its revision.3. The third part concerns cross-border insolvency. The research points out that the traditional territorialism is based on the financial conditions of 80 years ago and obliged to be replaced by universalism because of the expansion of the cross-border commerce and finance. Considering the experience of Common Law countries, the study proposes some concrete criteria about the recognition of foreign insolvency proceeding.

这项研究旨在调查由于经济和金融结构的变化而对金融法和破产法的最新改革，并为立法和法律实践提出了一些建议。研究结果分为三部分。1。首先关注的证券化和研究表明了三点。首先，这种做法已经创造了各种类型的证券化，但应将其视为管理各种不可避免的财务风险的手段。其次，对日本证券化实践和证券化立法的研究表明其不成熟和特殊性。第三，对证券化法律问题的检查提出了一些新的愿景。实际上，“所有帐户收款人”的有效性问题是如何确保发起人未来的自由以及如何保护交易债权人免受财务债权人的影响。至于关于“真实出售或有担保交易”的论点，除了要求提交的要求外，问题是否是否受到破产程序的限制。在所有这些方面，要区分两种类型的证券化，即纯资产作为房屋贷款的证券化和来自某些企业的信贷2。第二个涉及服务法律。该研究分析了服务法律法律的历史，并提出了修订的政策建议3。第三部分涉及跨境破产。研究指出，传统的领土主义基于80年前的财务状况，由于跨境商业和金融的扩大，不得不被普遍主义取代。考虑到普通法国家的经验，该研究提出了一些关于承认外国破产程序的具体标准。