Innovating Works

RESOLVENCY

Financiado
A GLOBAL THEORY OF REFLEXIVE DEBT DELIBERATION
Modern capitalism is essentially built on the institution of debt. The unlimited conception of debt reinforces an infinite growth logic and drives economic, political, cultural and ecological unsustainability. A crucial research q... Modern capitalism is essentially built on the institution of debt. The unlimited conception of debt reinforces an infinite growth logic and drives economic, political, cultural and ecological unsustainability. A crucial research question is how to constitute debt as more sustainable socio-economic medium. The RESOLVENCY project aims to shape a new (socially) reflexive debt paradigm by rethinking insolvency law as reflexive (democratic) debt deliberation. The project intends to set up a global theory of debt deliberation (for firms, consumers and states), which outlines a new RESOLVENCY paradigm for insolvency law reintegrating over-burdened debtors into the economic system (making them ‘re-solvent’) and incorporating other social (political, cultural, ecological) perspectives. ‘Resolving’ debt conflicts requires a collective procedure including debtor, creditors and all other private (employees, inhabitants) and public (communities, environment) interests involved. Advancing PI’s novel ‘discursive normative grammar’ (DNG) methodology and combining it with empirical methods, the project has four main objectives: (A) to reconstruct a universal argumentative frame (an insolvency DNG) for debt deliberation integrating normative principles (values) from corporate, consumer and sovereign insolvency theories across different jurisdictions; (B) to newly classify insolvency laws worldwide with a global comparative insolvency law theory based on this DNG; (C) to model and experiment with legal designs of reflexive debt deliberation procedures (RESOLVENCY law); and (D) to outline a model of reflexive debt (RE:DEBT) and analyse its ex ante effects on credit markets. The project does not only impact any legal and economic research on insolvency, but also debt theory in all social and sustainability sciences. In advancing PI’s DNG method, it enhances general understanding of deep normative architectures of legal reasoning and its constitutional effects for society at large. ver más
30/04/2026
Freie Universitaet...
1M€
Duración del proyecto: 65 meses Fecha Inicio: 2020-11-24
Fecha Fin: 2026-04-30

Línea de financiación: concedida

El organismo H2020 notifico la concesión del proyecto el día 2020-11-24
Línea de financiación objetivo El proyecto se financió a través de la siguiente ayuda:
ERC-2020-STG: ERC STARTING GRANTS
Cerrada hace 5 años
Presupuesto El presupuesto total del proyecto asciende a 1M€
Líder del proyecto
FREIE UNIVERSITAET BERLIN No se ha especificado una descripción o un objeto social para esta compañía.
Perfil tecnológico TRL 4-5