جستجوی مقالات مرتبط با کلیدواژه « اداره موقت » در نشریات گروه « فقه و حقوق »

Banks and other credit institutions can face crises during their operations. The institution of temporary administration or conservatorship is one of the methods of restructuring banks and other credit institutions in times of crisis. The purpose of this study is to identify, legal description and explain the territory of temporary administration. Finally, while defining, legalizing and explaining the scope of this institution, we reached the following conclusions First, in the event of several circumstances, such as the suspension of a bank or credit institution, the regulator, such as the central bank, either directly takes over the management of the bank or the credit institution or delegates it to another person. Secondly, temporary administration is basically a kind of imposed and compulsory agreement arising from the law and public order. Thirdly, not only with banks, it is possible to implement the conservatorship for other credit institutions, such as credit cooperatives, leasing companies, exchange offices, Gharz al-Hasna funds and even insurance companies, Rather, the scope of the temporary administration is not limited to the management of deposits by the guarantor bank or credit institution, and for various reasons, has a wider scope, and the comprehensive administration covers all property and all matters. This analytical view of the issue can provide approaches to the legislature and the courts in the discussion of the temporary administration of a credit institution by another credit institution and fill its gaps in the Iranian banking legal system.

With the enactment of the Commercial Code in 1996, the custom of commercial usury during the constitutional period was abolished, and with the dissolution of the Commercial Court, only this bankruptcy became dominant only due to non-payment of debt at maturity. On the other hand, the late conclusion of the composition need, due to the lack of a preventive aspect to the bankruptcy order, practically failed to prevent the liquidation of the merchant's property. The rule of law of liquidation and attention to the interests of creditors also led to the neglect of other components such as factory maintenance and employment of workers and property rights of the debtor.

The research method is comparative-analytical and the data collection method is documentary research. The data analysis method is a descriptive-analytical approach.

In the bankruptcy regulations, efforts have been made to preserve the factory and to express the difference between stoppage and bankruptcy, but due to insufficiency and inconsistency with the provisions of the Commercial Code, it has not achieved much success in reviving crisis-prone factories. Examining the process governing the above-mentioned regulations and comparing it with the reconstruction institution confirms the necessity of changing the philosophy of bankruptcy law.

The financial crisis has always been a threat to businesses because of the political and economic problems, and the legislator has taken action to prevent this occurrence because the financial crisis of the firm deprives society of its benefits. In the event of a financial crisis and the governing of bankruptcy rule, the question is that what extent can these legal rules prevent the business from collapsing?
In response to this question, US and Iranian law were studied. In the United States as a country with a capitalist economic system, the legislature's primary goal is to support bankrupt and fresh start of the business. This goal has been considered in the reorganization and liquidation. To achieve this goal, it has been attempted not to shut down businesses enterprise prior to the reorganization and liquidation. In Iranian law, after the bankruptcy of an enterprise, the possibility of fresh start is very weak.

Banks, like any other commercial entity, are likely to encounter the risk of insolvency and consequently go bankrupt for some reasons. As the provisions on bankruptcy are subject to the rules and regulations of the Commercial Code, the solution for dealing with a bankrupt bank is to declare its bankruptcy and liquidate its assets. However, declaring a bank’s bankruptcy and going through the bankruptcy process would have an adverse impact on the economy of the country concerned. Banks play a remarkable role in the development and growth of countries’ economy as a result of lending; thus, their existence and operation are highly vital in the development of domestic and international trade. Furthermore, insolvency and bankruptcy of banks would havoc  payment systems and harm the public trust, which eventually result in decline in investments. Therefore, the approach of bankruptcy declaration and liquidation of banking assets exposed to bankruptcy is not a logical approach and it is also not in line with the economic principles. The aim of this article is to discuss the preventive legal tools regarding banks’ bankruptcy, which are at the risk of going bankrupt, in parallel with examining the approach of developed countries in this regard.