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2 - A Seat at the Table

Published online by Cambridge University Press:  05 May 2022

Douglas G. Baird
Affiliation:
University of Chicago
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Summary

This chapter connects fraudulent conveyance principles to the practices that judges adopted during the reorganization of the Atchison, Topeka and Santa Fe and the other great railroads that failed in the second half of the nineteenth century. The benchmarks judges put in place during this era established the ground rules for bargaining among investors for the next several decades. Judges did not try to shape the outcome of the negotiations. Instead they ensured that deals were only struck honestly and in good faith. There had to be a process that gave everyone a fair opportunity to participate.

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Publisher: Cambridge University Press
Print publication year: 2022

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  • A Seat at the Table
  • Douglas G. Baird, University of Chicago
  • Book: The Unwritten Law of Corporate Reorganizations
  • Online publication: 05 May 2022
  • Chapter DOI: https://doi.org/10.1017/9781009058216.003
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  • A Seat at the Table
  • Douglas G. Baird, University of Chicago
  • Book: The Unwritten Law of Corporate Reorganizations
  • Online publication: 05 May 2022
  • Chapter DOI: https://doi.org/10.1017/9781009058216.003
Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

  • A Seat at the Table
  • Douglas G. Baird, University of Chicago
  • Book: The Unwritten Law of Corporate Reorganizations
  • Online publication: 05 May 2022
  • Chapter DOI: https://doi.org/10.1017/9781009058216.003
Available formats
×