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The Role, Responsibilities, and Arbitration of Credit Rating Agencies in Bankruptcy Proceedings: International Experience and Insights

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DOI: 10.23977/law.2024.030103 | Downloads: 5 | Views: 241

Author(s)

Yun Fang 1

Affiliation(s)

1 Guangdong Mingsi Law Firm (Fang&Fang Law Firm), Guangzhou, Guangdong, 510630, China

Corresponding Author

Yun Fang

ABSTRACT

This paper aims to explore the role, responsibility of credit rating agencies in bankruptcy proceedings, and the role of arbitration in resolving rating disputes, and provide relevant lessons from international experiences. In bankruptcy proceedings, credit rating agencies play a crucial role by assessing the credit risk level of debtors and providing reliable rating information, which directly impacts the financing costs of debtors and investors' risk preferences. However, rating agencies also face responsibility and risks. By analyzing international cases and regulatory experiences, valuable insights can be gained. Additionally, this paper will also examine the role of arbitration in resolving rating disputes, emphasizing its significance and necessity in bankruptcy proceedings.

KEYWORDS

Bankruptcy proceedings, credit rating agencies, role, responsibility, arbitration, international experiences, lessons

CITE THIS PAPER

Yun Fang, The Role, Responsibilities, and Arbitration of Credit Rating Agencies in Bankruptcy Proceedings: International Experience and Insights. Science of Law Journal (2024) Vol. 3: 15-19. DOI: http://dx.doi.org/DOI: 10.23977/law.2024.030103.

REFERENCES

[1] Gao, Y. (2023). Improving the Bankruptcy System and Perfecting the Mechanism for Corporate Exit. Enterprise Management, 12, 34-36.
[2] Fan, X. (2022). On the Impact of Bankruptcy on the Recognition and Enforcement of International Commercial Arbitration Awards: A Perspective from the Application of Article 5 of the New York Convention. Journal of International Economic Law, 03, 141-156.
[3] Gan, J. (2021, December 15). Discussing the Conflict between Bankruptcy Proceedings and Arbitration Proceedings. Modern Logistics News, 006.
[4] Zhang, M. (2021). Study on the Arbitrability of Disputes in Bankruptcy Proceedings. Journal of Guangxi University (Philosophy and Social Sciences Edition), 43(05), 135-141.

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