Supreme Court concern specific issues of bankruptcy proceedings

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mahbubamim077
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Supreme Court concern specific issues of bankruptcy proceedings

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For those in favor of the agreement, the purpose of the bankruptcy process is to compensate the victims and not to punish those involved. For those against it, it would be unacceptable that the Sacklers, as controlling shareholders, would not suffer the full consequences of their actions, especially since, if the agreement prevails, they would continue to own more than half of their billion-dollar fortune. Thus, the agreement would, in fact, be a true endorsement of corporate delinquency.

As can be seen, the discussion involves the use of agreements bulk sms in hungary to solve corporate crime problems, a topic that has been increasingly debated. As an example, it is worth mentioning the thought-provoking book by John Coffee Jr. Corporate Crime and Punishment: The Crisis of Underenforcement [1] , in which the author discusses how, for various reasons, the policy of agreements has been ineffective in curbing corporate crime in the United States.

According to the author, due to a series of circumstances, agreements have been an easy solution for companies and their senior management to avoid accusations or to obtain a series of advantages or facilities that, in the end, do not attribute the consequences of their actions to the offenders, especially because, in many cases, not even the recognition of wrongdoing or guilt is required. Hence, he proposes a series of restrictions to such agreements, such as limiting them to cases of spontaneous reporting of the wrongdoing by the company.
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