Identifies the ways in which the federal bankruptcy process can create value over and above what can be realized through compulsory state processes through either recapitalization or sale of the firm or its assets. Explores procedural and governance-based concerns about value maximization and allocation in all-asset sales and discusses how Ice Cube Bonds would preserve the ability to address these concerns in contexts that include credit bidding and free-and-clear sales.
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Melissa B. Jacoby and Edward J. Janger
Anthony J. Casey and Edward R. Morrison
Describes the debate on Relative Priority and Redemption Option Value as centered on the extent to which bankruptcy reform would protect the non-bankruptcy options of junior stakeholders, or harm the non-bankruptcy options of senior lenders. Argues that this focus on options is misplaced because protecting options is neither necessary nor sufficient for advancing the goal of a well-functioning bankruptcy system. Needed is a regime that cashes out the rights of junior stakeholders with minimal judicial involvement. This chapter also proposes an illustrative automatic bankruptcy procedure that gives senior creditors an option to restructure the firm’s debt or sell its assets at any time after a contractual default.
The Fitness Check of the Water Framework Directive and the Flood Directive constitutes an excellent opportunity to undertake a prospective analysis of the future of European water law. At the end of the public consultation launched by the European Commission in March 2019, a coalition of NGOs had succeeded in mobilizing 375,386 citizens to defend ‘Europe’s strong water law’. This chapter aims to reflect on the evolution – even transformation – of two founding pillars of the Water Framework Directive: its inclusive governance and integrated protection and management approach. Such avenues for legal reflections are intended to interact very closely with interdisciplinary research promoting new ways of thinking in light of the planetary boundaries’ framework.
Brian Christopher Jones
In April 1935, at the Industrial Arts Exposition organized by the National Alliance of Art and Industry inside the Rockefeller Center in New York City, a model by architect Frank Lloyd Wright was put on display. This model, which has subsequently become very famous, depicted his vision of Broadacre City. Although it has continued to captivate, the public has often disregarded the project’s economic, political and social dimensions that the model sought to illustrate. With Broadacres, Wright inserted himself into the lively debates happening on the American political and economic scene in the 1920s and 1930s. A native of Wisconsin and deeply attached to the culture of the Midwest, Wright was influenced by the kind of progressive culture that developed in the late nineteenth century – first in the state of Wisconsin, then in Chicago, where he rubbed shoulders with intellectuals in the capital of the Midwest. With Broadacre City, Wright was looking to offer a spatial and architectural transcription of the “organic capitalism” that he was promoting at the time: a capitalism that respects the Earth and the men who inhabit it, the only one that would be compatible with the type of democracy he called for.
Erica J. Morris
This chapter explores the complex issue of contract cheating. It focuses on international evidence to unpack the issue, considers the current prevalence of the problem, and reviews the reasons reported in the research as to why some students may make use of academic custom writing services. In recent years, there have been serious concerns voiced by national agencies in higher education, and raised in the wider media, about student use of third-party services. There is, however, a priority to situate the issue of contract cheating in a wider debate about how universities and colleges can assure academic standards, enhance and embed academic integrity policy and practice, and advance evidence-informed pedagogy. To determine how the issue might be explored further, this chapter re-evaluates the predominant research areas and methodologies that have been employed to investigate the dimensions of the issue. Through reviewing established perspectives and recent evidence, recommendations for future research are proposed.
Todd J. Zywicki
Describes and critiques the Chrysler and General Motors bankruptcy cases with a focus on federal government intervention. Concludes that such intervention distorted the bankruptcy process to rescue companies that might well have been saved through ordinary bankruptcy process, perhaps as aided with less intrusive government participation.
Chapters 9 and 10 explore the discipline of social policy. Chapter 9 contains the introduction for both chapters, and Chapter 10 conclusions for both. Chapter 9 discusses Paul Spicker’s and Hartley Dean’s different approaches to the discipline – the first attempting to solve today’s social problems, and the second asking what kind of society we wish to see – and finds the latter approach to be more likely to serve future society. The policy process – how policy is made – is discussed, along with the policy communities and institutions involved; and a discussion of complexity finds that a Citizen’s Basic Income would facilitate creative complexity. Six different feasibility tests and the relationships between them are then described, and the conclusion is drawn that implementation of Citizen’s Basic Income should begin with the age groups thought to be most deserving. A case study describes two financially feasible Citizen’s Basic Income schemes.
Virginia Doellgast and Chiara Benassi
This chapter provides an overview of cross-national variation in the structure and strength of collective bargaining institutions. Several dimensions are compared, including the actors involved, the level of bargaining, the degree of coordination, and the mechanisms for extending collective agreements. The chapter then discusses the implications of collective bargaining for organizational and macroeconomic performance as well as for workers’ outcomes, including wage levels, job security and control of work. Past research shows that these effects depend on country and sector-specific bargaining rights and structures. Despite cross-national variation, in many countries collective bargaining has partly lost its ability to reduce wage inequality as a result of declining labour power vis-à-vis management.
On the basis of preliminary research developed in a European project, the members of the project’s consortium discovered that a short and intensive entrepreneurial training programme was missing. To address this, the consortium created the iStart Academy. ComoNExT iStart Academy is designed to guide the participants through the lean start-up process (from ideation to validation, pivoting and pitching). The structure is based on interactive lectures, teamwork and mentoring. During the Academy, students have the opportunity to experience the birth of a new venture. In particular, the Academy has improved the managerial skills of young entrepreneurs and allowed them to adopt a marketing approach to develop a new venture and innovative solutions. The project was founded on a relational orientation.