Statutory Rules, Common Law Rules and Public Policy in the Global Financial Crisis (original) (raw)

This article examines the role of public policy in the legal issues surrounding the insolvency of Lehman Brothers, particularly in the UK context. It highlights how public policy influences statutory and common law rules related to insolvency, balancing the need for effective debt management against judicial lawmaking and the protection of creditors. Through analyzing the controversy surrounding judicial interventions, the article seeks to delineate the boundaries of public policy application within this complex legal framework.