Bankruptcy shenanigans

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“Bankruptcy shenanigans” is a handy label JC has contrived to describe all the phantoms, phantasms and night sweat horrors that plague the deep oubliettes in the minds of Basel Committee members when contemplating what might happen in a foreign jurisdiction when a failing company goes through the phase transition from solvency into bankruptcy. Zero-hour rules, disappearing safe harbors, ERISA netting, mendacious cherry-picking bankruptcy administrators: any of that catalogue of hypothetical horrors that propel and justify the worldwide military-industrial netting complex.

See also

• Zero-hour rules
• ERISA netting
• Automatic Early Termination
• Cherry-picking