RECOVERY OF COMPANIES IN CRISIS IN STATE LAW DEMOCRACY: LIMITS AND GROUNDS CONSTITUTIONAL OF APPLICATION OF CRAM DOWN FOR ACHIEVEMENT OF ENTERPRISE PRESERVATION OF PRINCIPLE
Enterprises of Recovery. Cram Down. Bankruptcy. Principle of preservation of the company. Interpretation.
Studies the limits and foundations of the application of Cram Down institute for the purpose of implementation of the principle of preserving the company in the democratic rule of law. It describes the three models of the State and its origins in the customary law of antiquity. Exposes the cumulative dimensions of characterizing fundamental right of each state models. Emphasizes the importance of Legal Hermeneutics for the interpretation and implementation of the principle of preserving the company via Cram Down, especially in regard to the principles of legal certainty, private property and the social function of property. It emphasizes that the classic interpretation of legal norms methods, as well as new hermeneutical methods and hermerneutical schools for understanding the legal phenomenon is observed coherence and integrity of the legal system. Highlights the evolution of the open competition law, in particular to demonstrate the mitigation of the repressive character and adoption of institutions that allow the recovery of the debtor. Compares the current open competition law of several countries to see if adopt the Cram Down institute. It concludes that the granting of the Judicial Reorganization by way of Cram Down, met the legal requirements, it is a duty of the judge and not a mere convenience.