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Also the invsolvency-administrators can be thief's. As in Lawyer-chambers, that win no matter how hard they run the company into the ground, by simply having i
by Pica_soO 10y ago
Also the invsolvency-administrators can be thief's.
As in Lawyer-chambers, that win no matter how hard they run the company into the ground, by simply having it in as many legal battles as possible and billing it by the hour for those very legal battles they caused- bills which override the claims to the bankruptcy assets of all other Creditors.
Yes, the norwegian system is superior.
PS: The german legal system is full of those laws that cause extensive legal-battles, shipping the money of the cause to the laws soldiers of fortune. To navigate around these black holes of law is quite a art.
Take the outrageous concept of the "Erbengemeinschaft" as example.
If a companys owner does not have a last will, the company ownership gets by default split up on all descendants and their descendants, making it basically impossible to continue such a company- as this creates a hostage situation with anyone, who is unwilling to get paid out.