The restructuring plan as competency instrument in the insolvent companies market

The restructuring plan is an instrument which, based on standards of efficiency and competence, allows insolvent companies to continue running in the market. Therefore, in order to turn a company in crisis into a competitive unit of business, comprehensive mechanisms may be established based on stan...

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Autor Principal: Águila Ruiz de Somocurcio, Paolo del
Formato: Artículo
Idioma: spa
Publicado: Pontificia Universidad Católica del Perú 2015
Materias:
Law
Acceso en línea: http://revistas.pucp.edu.pe/index.php/derechopucp/article/view/13599/14223
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Sumario: The restructuring plan is an instrument which, based on standards of efficiency and competence, allows insolvent companies to continue running in the market. Therefore, in order to turn a company in crisis into a competitive unit of business, comprehensive mechanisms may be established based on standards aimed by the market and consumers.This article addresses four essential aspects in order to understand the restructuring plan as a real instrument of competence in the market of insolvent companies: (i) its opposable nature; (ii) the treatment given to guarantees provided by the debtor; (iii) the consequences of the non observance of the plan; and (iv) the scope of this bankruptcy instrument according to IndecopI (Instituto Nacional de Defensa de la Competencia y de la Protección de la Propiedad Intelectual).