{"id":9060,"date":"2017-07-10T14:48:06","date_gmt":"2017-07-10T12:48:06","guid":{"rendered":"https:\/\/droitetcroissance.fr\/?p=9060"},"modified":"2023-12-04T13:50:07","modified_gmt":"2023-12-04T12:50:07","slug":"le-droit-des-entreprises-en-difficulte-americain-dans-lage-de-lintangibilite","status":"publish","type":"post","link":"https:\/\/droitetcroissance.fr\/en\/2017\/07\/le-droit-des-entreprises-en-difficulte-americain-dans-lage-de-lintangibilite\/","title":{"rendered":"Le droit des entreprises en difficult\u00e9 am\u00e9ricain dans l\u2019Age de l\u2019intangibilit\u00e9"},"content":{"rendered":"[spb_column width=&#8221;1\/3&#8243; el_position=&#8221;first&#8221;] [spb_single_image image=&#8221;6080&#8243; image_size=&#8221;full&#8221; frame=&#8221;shadowframe&#8221; intro_animation=&#8221;fade-in&#8221; full_width=&#8221;no&#8221; lightbox=&#8221;yes&#8221; image_link=&#8221;https:\/\/ssrn.com\/abstract=2991438&#8243; link_target=&#8221;_blank&#8221; width=&#8221;1\/1&#8243; el_position=&#8221;first last&#8221;] [\/spb_column] [spb_column width=&#8221;2\/3&#8243; el_position=&#8221;last&#8221;] [spb_text_block pb_margin_bottom=&#8221;no&#8221; pb_border_bottom=&#8221;no&#8221; width=&#8221;1\/1&#8243; el_position=&#8221;first last&#8221;]\n<h4>\u00c9tude empirique sur le droit des entreprises en difficult\u00e9 am\u00e9ricain dans l\u2019Age de l\u2019intangibilit\u00e9<\/h4>\n<p>Par <a href=\"http:\/\/droitetcroissance.fr\/?team=mathieu-kohmann\">Mathieu Kohmann<\/a>.<\/p>\n<p>Le droit des entreprises en difficult\u00e9 a pris du retard sur les transformations souvent radicales que de nombreuses \u00e9conomies avanc\u00e9es ont subies lors de leurs plus r\u00e9centes transitions \u00e9conomiques \u2013 la transition d\u2019une \u00e9conomie du travail industriel vers une \u00e9conomie du savoir et de l\u2019innovation, souvent fond\u00e9e sur des formes de production (radicalement) exp\u00e9rimentales.<\/p>\n<p>En analysant diff\u00e9rentes variables \u2013\u00a0comme la dur\u00e9e des proc\u00e9dures collectives, le co\u00fbt des proc\u00e9dures collectives, l\u2019efficacit\u00e9 de la restructuration du passif apr\u00e8s \u00e9mergence d\u2019une proc\u00e9dure collective, l\u2019\u00e9volution du EBIT ou EBITDAE apr\u00e8s \u00e9mergence d\u2019une proc\u00e9dure collective, le taux de recouvrement des cr\u00e9anciers chirographaires et des cr\u00e9anciers dot\u00e9s de s\u00fbret\u00e9s\/privil\u00e9gi\u00e9s, ou encore la fr\u00e9quence des \u00ab\u00a0363 asset sales\u00a0\u00bb \u2013 la pr\u00e9sente \u00e9tude d\u00e9montre de mani\u00e8re empirique que le droit des entreprises en difficult\u00e9 traditionnel n\u2019est pas suffisamment adapt\u00e9 aux besoins des \u00ab\u00a0entreprises du savoir\u00a0\u00bb en difficult\u00e9 (ce par quoi on entend les entreprises de l\u2019\u00e9conomie du savoir et de l\u2019innovation, c\u2019est-\u00e0-dire des entreprises qui ressemblent plus \u00e0 des \u00e9coles qu\u2019\u00e0 des usines, et dans lesquelles les actifs sont de plus en plus ou majoritairement intangibles).<\/p>\n<p>En conclusion, l\u2019\u00e9tude tire les le\u00e7ons de ces observations empiriques et \u00e9labore une nouvelle proc\u00e9dure collective plus adapt\u00e9e aux \u00ab\u00a0entreprises du savoir\u00a0\u00bb en difficult\u00e9 avec l\u2019objectif de trouver un nouvel \u00e9quilibre entre les options de r\u00e9organisation et de liquidation qui s\u2019ouvrent \u00e0 elles. En s\u2019inspirant notamment de certains \u00e9l\u00e9ments cl\u00e9s du r\u00e9gime californien de r\u00e9solution des entreprises en difficult\u00e9 (le \u00ab\u00a0privately arranged assignment mechanism for the benefit of creditors\u00a0\u00bb) et, par exemple, en rendant obligatoire la nomination de professionnels du retournement des entreprises en difficult\u00e9 mieux qualifi\u00e9s, certains des plus virulents probl\u00e8mes auxquels les \u00ab\u00a0entreprises du savoir\u00a0\u00bb en difficult\u00e9 font face aux Etats-Unis pourraient \u00eatre r\u00e9solus, ou \u00e0 tout le moins r\u00e9duits.<\/p>\n<p><strong><u>\u00a0<\/u><\/strong><\/p>\n<p><a href=\"https:\/\/ssrn.com\/abstract=2991438\">&gt;&gt;&gt; lire l\u2019int\u00e9gralit\u00e9 de l\u2019\u00e9tude ici<\/a><\/p>\n[\/spb_text_block] [\/spb_column]\n","protected":false},"excerpt":{"rendered":"<p>[spb_column width=&#8221;1\/3&#8243; el_position=&#8221;first&#8221;] [spb_single_image image=&#8221;6080&#8243; image_size=&#8221;full&#8221; frame=&#8221;shadowframe&#8221; intro_animation=&#8221;fade-in&#8221; full_width=&#8221;no&#8221; lightbox=&#8221;yes&#8221; image_link=&#8221;https:\/\/ssrn.com\/abstract=2991438&#8243; link_target=&#8221;_blank&#8221; width=&#8221;1\/1&#8243; el_position=&#8221;first last&#8221;] [\/spb_column] [spb_column width=&#8221;2\/3&#8243; el_position=&#8221;last&#8221;] [spb_text_block pb_margin_bottom=&#8221;no&#8221; pb_border_bottom=&#8221;no&#8221; width=&#8221;1\/1&#8243; el_position=&#8221;first last&#8221;] \u00c9tude empirique sur le droit des entreprises en difficult\u00e9 am\u00e9ricain dans l\u2019Age de l\u2019intangibilit\u00e9 Par Mathieu Kohmann. Le droit des entreprises en difficult\u00e9 a pris du retard sur les transformations souvent radicales que de nombreuses [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_rsvp_to":"","_rsvp_max":"","_rsvp_show_attendees":"","_rsvp_instructions":"","simple_price":"","simple_price_label":"Billets","venue":"","_template_start_hour":"","_template_start_minutes":"","_sked_minutes":"","_sked_stop":"","_sked_duration":"","_payment_gateway":"Cash or Custom","_rsvp_currency":"USD","_sked_hour":"12","_sked_end":"13:00","rsvp_tx_template":0,"_rsvp_start":0,"_rsvp_deadline":0,"_rsvp_deadline_daysbefore":"0","_rsvp_deadline_hours":"0","_rsvp_reg_daysbefore":"0","_rsvp_reg_hours":"0","_rsvp_count_party":"1","_timezone":"Europe\/Paris","_rsvp_on":false,"_add_timezone":false,"_convert_timezone":false,"_calendar_icons":true,"_rsvp_end_display":false,"_rsvp_rsvpmaker_send_confirmation_email":false,"_rsvp_confirmation_after_payment":false,"_rsvp_confirmation_include_event":false,"_rsvp_count":true,"_rsvp_yesno":true,"_rsvp_captcha":false,"_rsvp_login_required":false,"_rsvp_form_show_date":false,"_show_rsvpmaker_options":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"footnotes":"","_jetpack_memberships_contains_paid_content":false},"categories":[837,869],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Le droit des entreprises en difficult\u00e9 am\u00e9ricain dans l\u2019Age de l\u2019intangibilit\u00e9 - Droit &amp; Croissance<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/droitetcroissance.fr\/en\/2017\/07\/le-droit-des-entreprises-en-difficulte-americain-dans-lage-de-lintangibilite\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Droit &amp; Croissance\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/droitetcroissance.fr\/en\/2017\/07\/le-droit-des-entreprises-en-difficulte-americain-dans-lage-de-lintangibilite\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/droitetcroissance.fr\/en\/2017\/07\/le-droit-des-entreprises-en-difficulte-americain-dans-lage-de-lintangibilite\/\"},\"author\":{\"name\":\"Droit &amp; 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