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Drittkapitalgeber im Recht der Gesellschafterdarlehen

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Drittkapitalgeber im Recht der Gesellschafterdarlehen

The ongoing disagreement about the normative purpose of the equitable subordination of shareholder loans is accompanied by significant legal uncertainty in corporate financing. Starting with the real effects of the equitable subordination of shareholder loans, Tobias Bürk develops a theory of normative purposes to derive concrete interpretation guidelines on the question of applicability to non-shareholders.

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