A comparative study of the principle of equality of creditors in the bankruptcy law of Iran and England

Authors

1 PhD student, Department of Law, Isfahan Branch (Khorasgan), Islamic Azad University, Isfahan, Iran.

2 Assistant Professor, Department of Law, Isfahan Branch (Khorasgan), Islamic Azad University, Isfahan, Iran.

3 Assistant Professor, Department of Law, Najafabad Branch, Islamic Azad University, Najafabad, Iran.

Abstract

The principle of equality of creditors in bankruptcy law means the equal and fair payment of creditors' claims, and it tries to apply a collective system to all creditors. In this research, which was carried out in a descriptive and analytical method, we tried to make a comparison between the mentioned principle in the laws of Iran and England and find out what position this principle has in the laws of the two countries? In English law, one of the aspects of the equality of creditors The legality of the debtor is non-discrimination between creditors by assigning more financial benefits or signing secret agreements. Bankruptcy laws in England are so strict about this issue that even third parties cannot sign such agreements with the connivance of the debtor. Such legal obligations are based on a set of judicial procedures that have been considered since the end of the last century. Although this matter has historical roots, this principle has been repeatedly emphasized by English judges in new cases. The duty and legal obligation to maintain equality between creditors is in complete accordance with the current concept of equality and fairness in English law, ethical principles in commercial law, and superior principles and consensus in the procedural law of this country.

Keywords

References

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Geography (Regional Planning)
Volume 13, Issue 52 - Serial Number 3
November 2023
Pages 184-198

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