Volume 24, Issue 2 (2020)                   CLR 2020, 24(2): 27-57 | Back to browse issues page

XML Persian Abstract Print


Download citation:
BibTeX | RIS | EndNote | Medlars | ProCite | Reference Manager | RefWorks
Send citation to:

Issaei Tafreshi M, Shirvani K. Investigation of Resolution Regime in bank insolvency in American Law and its Feasibility in Iran Law. CLR 2020; 24 (2) :27-57
URL: http://clr.modares.ac.ir/article-20-40625-en.html
1- Professor of Private law, Tarbiat Modares University, Tehran, Iran
2- Shahid Motahari , khadije.shirvani@yahoo.com
Abstract:   (3331 Views)
In most of the legal systems of the world, it has been tried to impose special rules on bankruptcy, given the role of banks in the country's economy and the differences they have with other commercial companies.In the United States, the legal system governing the bankruptcy of banks is known as "Resolution Regime", which has been translated into "Hall va Fasl or Gozir" in Iran. The most important goals of this system are to prevent the disruptions of the financial system in the country, to continue to provide key services to banks and not to impose bankruptcy consequences on the government and taxpayers.In Iran law, the bankruptcy system of banks is not completely separate from the corporate bankruptcy system, and in the event that a bank becomes bankrupt, the provisions of the Commercial Bankruptcy Law are general rules and other specific monetary and banking regulations.Of course, given the importance of banks in the country, these rules are not enough for the bankruptcy of banks and, along with other advanced countries, must provide a specific system for resolving bankruptcy of banks, which coordinates According to the Imamiyyah rules, it is not the only solution to dealing with bankruptcies, which is very costly and time consuming and poses a threat to the stability of the financial system.
Full-Text [PDF 874 kb]   (1763 Downloads)    
Article Type: Original Research | Subject: Comparative Law
Received: 2020/02/11 | Accepted: 2020/07/12 | Published: 2020/09/20

Add your comments about this article : Your username or Email:
CAPTCHA

Send email to the article author


Rights and permissions
Creative Commons License This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.