{"id":5016,"date":"2024-09-18T23:11:52","date_gmt":"2024-09-18T19:11:52","guid":{"rendered":"https:\/\/lr.bsulawss.org\/?p=5016"},"modified":"2024-09-20T22:16:47","modified_gmt":"2024-09-20T18:16:47","slug":"from-azerbaijan-to-europe-and-the-usa-examining-efficacy-of-legal-capital-requirements-in-protecting-creditors","status":"publish","type":"post","link":"https:\/\/lr.bsulawss.org\/en\/volume-10\/volume-102\/from-azerbaijan-to-europe-and-the-usa-examining-efficacy-of-legal-capital-requirements-in-protecting-creditors\/","title":{"rendered":"From Azerbaijan to Europe and the USA: Examining Efficacy of Legal Capital Requirements in Protecting Creditors"},"content":{"rendered":"\n<cite>10 Baku St. U. L.Rev. 221 (2024)<\/cite>\n<br>\n<cite>Article language: English.<\/cite>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p class=\"has-text-align-justify\"><strong>Abstract<\/strong><br>The Legal Capital is able to serve as a guarantee for creditors while protecting companies from the risk of potential bankruptcy when it meets certain standards. However, whether to or not to apply these standards is a matter of debate. This issue in question forms different approaches in many jurisdictions from Europe to America. Meanwhile in national legislation the requirements that the legal capital must pay are measured by the \u201dinterest of creditors&#8221;. Since this statement is rather vague, the Azerbaijan legislation requires more thorough regulation of the rules of legal capital for effective protection of creditors' interests. Thus, the article examines different jurisdictions and the function of approved capital requirements in ensuring the financial stability of businesses and safeguarding the interests of creditors in order to close this gap. At last, taking into account the issues caused by the absence of precise minimum ammount of legal capital in Civil Code of AR, it proposes specific recommendations.<\/p>\n\n\n\n<div class=\"is-layout-flex wp-block-buttons\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/lr.bsulawss.org\/wp-content\/uploads\/2024\/09\/10BSULawRev2.5.pdf\">Download: PDF<\/a><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>10 Baku St. U. L.Rev. 221 (2024) Article language: English. AbstractThe Legal Capital is able to serve as a guarantee for creditors while protecting companies from the risk of potential&#8230;<\/p>\n","protected":false},"author":3,"featured_media":2529,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","_editorskit_title_hidden":false,"_editorskit_reading_time":0,"_editorskit_is_block_options_detached":false,"_editorskit_block_options_position":"{}"},"categories":[245],"tags":[],"coauthors":[198],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v19.0 (Yoast SEO v19.9) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>From Azerbaijan to Europe and the USA: Examining Efficacy of Legal Capital Requirements in Protecting Creditors | BSU Law Review<\/title>\n<meta name=\"description\" content=\"10 Baku St. U. L.Rev. 221 (2024) Article language: English. 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