<scp>INSOL</scp> Europe Yearbook 2022: Restructuring and insolvency tools in times of crisis (1st edition). INSOL Europe, Nottingham: INSOL Europe. 2022. pp. xiv and 318. Free to members. ISBN: 978‐2‐4743‐2539‐4
Bibliographic record
Abstract
The first edition of the Yearbook was created with a specific purpose in mind: to inspire and encourage young members of INSOL Europe to engage in the discussions held at the group's annual meeting, and to provide them with a platform to express their views on restructuring and insolvency tools in times of crisis.The fact that INSOL Europe was able to organise two annual conferences throughout 2022 (Dublin, Ireland in March and Dubrovnik, Croatia in October) explains the voluminous and high-quality material included in this publication.The focus of the Yearbook is on "restructuring tools."The Yearbook includes an impressive series of 17 chapters that analyse these tools from a domestic, European or comparative perspective.The Yearbook opens with a contribution from Olha Stakheyeva-Bogovyk on preventive restructuring tools under Ukrainian law.This paper is extremely valuable as it provides a 'first-hand' insight from some of the international experts that have been involved in the drafting of the pre-insolvency framework in Ukraine.It is very interesting to learn that the current Ukrainian framework was modelled on a law prepared for Kuwait, which was in turn adapted from a law prepared for Montenegro, which in turn drew heavily from Turkish law.This chapter is not the only one to develop a country-focused approach to the topic of preventive restructuring tools.National reforms feature prominently in Chapters 5 (Portugal), 7 (France), 8 (Ireland), 9 (Italy) and 11 (Poland), among others.Other contributions focus on changes to European rules and their impact on member states.This is, for instance, the case of Chapter 2 written by Simon Murphy, a partner at Beauchamps LLP in Dublin (Ireland).The chapter focuses on the treatment of small businesses in distress, and on the impact of the changes introduced by the Preventive Restructuring Directive.By conducting a comparative analysis between Irish, American, English, German, Dutch and Italian provisions-a Herculean effort in itself!-the author observes that the European provisions had the benefit of promoting
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How this classification was reachedexpand
Full frame machine prediction
Teacher imitationNot calibrated prevalence, not ground truth. Human validation pending. The Gemma side is a direct model label for every work in the frame, read from the title-only record. The Codex side is a classifier learned from the 10,348 direct Codex labels and calibrated to design-weighted sample rates; fields without enough sample support carry no Codex call. Candidate is the union of the two sides; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels.
Distilled classifier scores by category (both heads)
| Category | Codex | Gemma |
|---|---|---|
| Metaresearch | 0.001 | 0.003 |
| Meta-epidemiology (narrow) | 0.002 | 0.001 |
| Meta-epidemiology (broad) | 0.001 | 0.000 |
| Bibliometrics | 0.003 | 0.009 |
| Science and technology studies | 0.001 | 0.001 |
| Scholarly communication | 0.007 | 0.006 |
| Open science | 0.001 | 0.002 |
| Research integrity | 0.002 | 0.003 |
| Insufficient payload (model declined to judge) | 0.179 | 0.096 |
Machine scores (provisional)
The two teacher heads of the student model, read on this work. A score orders the frame for review; it never asserts a category, and the validation status ships verbatim with every row.
Baseline scores from an immature model (maturity gate not passed, 7 training rounds). Scores rank; they never assert a category.
score_only:v0-immature-baseline · verbatim from the scoring run: score_only means the number may rank works, and no category label ships from itClassification
machine, unvalidatedMachine predicted; a candidate call from one source (direct Gemma or distilled Codex), not a consensus.
How this classification was reached, model by model and score by score, is at the end of the page under "How this classification was reached".