CEU Electronic Theses and Dissertations, 2017
| Author | Kiss, József |
|---|---|
| Title | Comparison of Hungarian and US Bankruptcy law using the World Bank's Doing Business criteria |
| Summary | This thesis focuses on the laws related to insolvency in Hungary and in the US, comparing the two by the criteria used in the World Bank’s latest Doing Business report, released at the end of 2016. The central topic is the ‘resolving insolvency’ index used in the Doing Business report to determine the overall performance of a given country’s legislation in the field of insolvency proceedings. The aim of the thesis is to provide lessons for Hungary about improving its performance by refining the existing legislation by observing the differences in US regulations and practice. By examining how insolvency proceedings in the US can be so much more efficient than most European ones currently are, drawing applicable conclusions might help Hungary to save more insolvent companies from liquidation, and improve its competitiveness as well. The Doing Business report is a very efficient tool to this end, as it examines the same hypothetical situation in each country – making the two very different legal systems comparable – and provides all the necessary facts about the relevant legal practice that are collected from legal experts and government officials. The thesis contains many recommendations that could help Hungary achieve a better ranking in Doing Business. |
| Supervisor | Tajti, Tibor |
| Department | Legal Studies LLM |
| Full text | https://www.etd.ceu.edu/2017/kiss_jozsef.pdf |
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