Pre-Insolvency Proceedings

It does not happen very often that the perfect product arrives on the market at exactly the perfect moment [...] Nicolas Tollenaar's Pre-Insolvency Proceedings, published by OUP earlier this year, might just be one such perfect product [...] Pre-Insolvency Proceedings is perhaps the most important and most valuable book which Europe has in this quickly growing field of debtor-creditor law at this important moment. The research is thorough, the argumentation is rigorous and for the most part very persuasive within the chosen creditors' bargain paradigm, and the solutions [...] will stand the EU Member States in good stead as their legislatures grapple with incorporating the Directive into their national laws. For the sake of the European credit markets, it must be hoped that the book will be read carefully in the months and years to come. * Tom'aŝ Richter, Insolvency Intelligence * [The author] sets out a fascinating review and critique of the classical insolvency theory, presenting a nuanced normative framework aimed specifically at the creation and application of preventive restructuring frameworks. The research goes beyond a recommendation of the current progress toward a preventive restructuring framework in the EU to a design supported by highly critical analysis and reasons that could form the basis for future reforms. It could well be that Tollenaar has foreseen the problems that the current frameworks will encounter and has already provided potential solutions. * Dr Jennifer L. L. Gant, Eurofenix * Tollenaar has a clear, as well as a tenacious style of writing [] A very readable, thought-provoking and clearly written study makes the book worth examining and presents sophisticated choices for legislators, academics and practitioners dealing with restructuring. * Prof. Dr. Bob Wessels *