Montagsseminarreihe "Aktuelle Probleme des Wirtschaftsprivatrechts"
Introducing the Corporate Restructuring Machine: An Open Platform Approach
Montag, 17.3.2025
18:30 Uhr
Hinweis: Vortrag wird in deutscher Sprache gehalten.
University of New Orleans Saal ("UNO-Saal", Innrain 52) und online via Zoom.
Zur Anmeldung.
Vortragender: Prof. Dr. Horst Eidenmüller
University of Oxford
The promise of Artificial Intelligence (AI) has become apparent. Yet how will AI affect corporate reorganizations? Based on previous work on the use of AI applications in negotiations, we argue that the potential of such applications to increase the efficiency of corporate workout negotiations is significant. To do so, we imagine the “Corporate Restructuring Machine” (CRM). This is a private, online platform armed with AI tools and services that are designed to support or even automate corporate workouts (out-of-court restructurings). Stakeholders, particularly creditors and shareholders, could join the platform and opt into AI applications at different times, for different services, and at different prices. These tools promise to allow parties to make better decisions in a much smoother process. We describe in detail the process of setting up and running the CRM, based on the current practice of corporate workouts. We demonstrate how old and new contractual solutions to financial distress could be effectively implemented with the CRM. This includes the “London Approach” and the INSOL Principles for corporate workouts, and various proposals for concluding “bankruptcy contracts” or choosing the applicable bankruptcy regime. The endpoint of the development could be a fully automated (AI-driven), comprehensive and private reorganization process/system.
Horst Eidenmueller is a Professor for Commercial Law (Statutory Chair) at the University of Oxford and a Professorial Fellow of St. Hugh’s College, Oxford. His main research areas are contract law, company and bankruptcy law, and alternative dispute resolution. Eidenmueller is known for his economic and empirical analysis of important problems in these fields. He has held visiting positions at major other universities such as Harvard, Stanford, Columbia and Chicago. He is a Research Associate of the European Corporate Governance Institute and a Member of the Berlin-Brandenburg Academy of Sciences and Humanities . As a student, Eidenmueller used to be a competitive long-distance runner. He still is a passionate ski mountaineer.
Ankündigung: "Introducing the Corporate Restructuring Machine: An Open Platform Approach"
Die Publikation kann auf SSRN abgerufen werden: hier klicken
Anmeldung 17.03.2025
Kontakt: seminarreihe-wirtschaftsprivatrecht@uibk.ac.at
