ABSTRACT
The year 2008 will enter history as a year of economic trouble, unbelievable scandals à la Madoff, legitimate concerns about an economic downturn, including evident indications of job cuts, and, in particular, numerous companies of all sectors – especially real giants of the American automobile industry as well as several prestigious financial institutions worldwide – faced financial turbulences. Governments hectically lashed together rescue programs for entire industries, invested in financial institutions and tried to coordinate these attempts as well as possible. Nevertheless, times like these usually culminate in populist requests for special facilities of legal frameworks in order to cushion the various economic pressures because many companies face the sword of Damocles in terms of conceivable insolvency.
