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The Historical Development of Bankruptcy Law Both in the World in General and Ethiopia in Particular: in Comparison and Contrast

Received: 24 July 2015     Accepted: 6 August 2015     Published: 14 August 2015
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Abstract

This essay paper is to analytically discuss the brief historical evolution of bankruptcy Law both in the world more generally and in Ethiopia specifically. In tracing the historical evolution of bankruptcy law, it is believed that it is possible to reach at its optimum understanding of jurisprudential concepts, legislations enacted, the reactions of the society towards the law, and prevailing practices associated with its ups and downs with justifications. As such, the paper is aimed at disclosing the common/shared and different features of historical evolution of bankruptcy law in the world and Ethiopia.For this, this comparative observance of the law is essential in identifying the basic lacunas both in the jurisprudence and practice of bankruptcy law.For this, the scope of this paper is limited to discuss core similarities and differences of historical evolution of bankruptcy law both in the world in general and Ethiopian in Particular. Finally, the paper winds upthe analytical discussion pinpointing rewarding solutions for the existent problems in this subject matter of law

Published in Social Sciences (Volume 4, Issue 4)
DOI 10.11648/j.ss.20150404.16
Page(s) 106-109
Creative Commons

This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.

Copyright

Copyright © The Author(s), 2015. Published by Science Publishing Group

Keywords

Bankruptcy Law, Historical Development/Evolution, Legal History, Jurisprudence,Legislations, Less Practicality, Socio-Legal Research, Punitive Approach

References
[1] The Early History of Bankruptcy Law; University of Pennsylvania Law Review
[2] Tadesse Lencho LLB. (AAU), LLM. (Michigan Law School), now he is a Lecturer in law and formerly Associate Dean and Acting Dean of Addis Ababa University, Faculty of Law; Ethiopian Bankruptcy Law: A Commentary (part one)
[3] Rafael Efrat; Associate Professor, College of Business & Economics, California State University,Northridge. J.S.D., 2002, Stanford Law School; J.S.M., 1998, Stanford Law School;J.D., 1992, University of Southern California Law Center: The Evolution of Bankruptcy Stigma
[4] Mitiku Mada and Alemayehu Tilahun; Bankruptcy Law Teaching Material, Justice and Legal System Research Institite (JLSRI), (2009), Addis Ababa, Ethiopia
[5] Buchbinder David L., Basic Bankruptcy Law for Paralegals, 2nd ed., Little Brown and Company, (1994)
[6] Carl H. Morawetz, Bradford and Greenberg’s Canadian Bankruptcy Act (annotated). Containing references to all relevant decisions rendered by the courts throughout Canada,; with a foreword by Robert Forsyth. 3rd Edition, Toronto: Burroughs 1951.
[7] Declercg, Peter J.M, Netherlands Insolvency Law: The Netherlands Bankruptcy Act and the most Important Legal Concepts –The Hague: T.M.C Asser Press, (2002).
[8] Macneil, Ian R, Bankruptcy Law in East Africa, Nairobi, Legal Publications, 1996.
[9] Perrot, David L. Bankruptcy-Comments and Comparisons. Khartoum, University of Khartoum, (1965).
[10] Virgos Miguel, The European Insolvency Regulation and Practice. The Hague: K/huler Law International 2004
[11] http://www.bankruptcydata.com/Ch11History.htm; A Brief History of Bankruptcy and Bankruptcy Law (last visited: 01/03/2015)
[12] http://www.addisfortune.net/columns/bankruptcy-cases-bankrupt-judiciary (last visited: 01/03/2015)
[13] Endalcachew Bayeh. The Place of Customary and Religious Laws and Practices in Ethiopia: A Critical Review of the Four Modern Constitutions. Social Sciences. Vol. 4, No. 4, 2015, pp. 90-93. doi: 10.11648/j.ss.20150404.14.
[14] Muhabie Mekonnen Mengistu. Ethnic Federalism: A Means for Managing or a Triggering Factor for Ethnic Conflicts in Ethiopia. Social Sciences. Vol. 4, No. 4, 2015, pp. 94-105. doi: 10.11648/j.ss.20150404.15
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  • APA Style

    Alemnew Gebeyehu Dessie. (2015). The Historical Development of Bankruptcy Law Both in the World in General and Ethiopia in Particular: in Comparison and Contrast. Social Sciences, 4(4), 106-109. https://doi.org/10.11648/j.ss.20150404.16

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    ACS Style

    Alemnew Gebeyehu Dessie. The Historical Development of Bankruptcy Law Both in the World in General and Ethiopia in Particular: in Comparison and Contrast. Soc. Sci. 2015, 4(4), 106-109. doi: 10.11648/j.ss.20150404.16

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    AMA Style

    Alemnew Gebeyehu Dessie. The Historical Development of Bankruptcy Law Both in the World in General and Ethiopia in Particular: in Comparison and Contrast. Soc Sci. 2015;4(4):106-109. doi: 10.11648/j.ss.20150404.16

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  • @article{10.11648/j.ss.20150404.16,
      author = {Alemnew Gebeyehu Dessie},
      title = {The Historical Development of Bankruptcy Law Both in the World in General and Ethiopia in Particular: in Comparison and Contrast},
      journal = {Social Sciences},
      volume = {4},
      number = {4},
      pages = {106-109},
      doi = {10.11648/j.ss.20150404.16},
      url = {https://doi.org/10.11648/j.ss.20150404.16},
      eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ss.20150404.16},
      abstract = {This essay paper is to analytically discuss the brief historical evolution of bankruptcy Law both in the world more generally and in Ethiopia specifically. In tracing the historical evolution of bankruptcy law, it is believed that it is possible to reach at its optimum understanding of jurisprudential concepts, legislations enacted, the reactions of the society towards the law, and prevailing practices associated with its ups and downs with justifications. As such, the paper is aimed at disclosing the common/shared and different features of historical evolution of bankruptcy law in the world and Ethiopia.For this, this comparative observance of the law is essential in identifying the basic lacunas both in the jurisprudence and practice of bankruptcy law.For this, the scope of this paper is limited to discuss core similarities and differences of historical evolution of bankruptcy law both in the world in general and Ethiopian in Particular. Finally, the paper winds upthe analytical discussion pinpointing rewarding solutions for the existent problems in this subject matter of law},
     year = {2015}
    }
    

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    AB  - This essay paper is to analytically discuss the brief historical evolution of bankruptcy Law both in the world more generally and in Ethiopia specifically. In tracing the historical evolution of bankruptcy law, it is believed that it is possible to reach at its optimum understanding of jurisprudential concepts, legislations enacted, the reactions of the society towards the law, and prevailing practices associated with its ups and downs with justifications. As such, the paper is aimed at disclosing the common/shared and different features of historical evolution of bankruptcy law in the world and Ethiopia.For this, this comparative observance of the law is essential in identifying the basic lacunas both in the jurisprudence and practice of bankruptcy law.For this, the scope of this paper is limited to discuss core similarities and differences of historical evolution of bankruptcy law both in the world in general and Ethiopian in Particular. Finally, the paper winds upthe analytical discussion pinpointing rewarding solutions for the existent problems in this subject matter of law
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Author Information
  • Debre Markos University, School of Law, East Gojjam, Amhara Regional State, Ethiopia

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