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History Of Bankruptcy Law
The history of bankruptcy law begins with the first legal remedies available for recovery of debts. Bankruptcy is the legal status of a legal person unable to repay debts. Ancient world In Ancient Greece, bankruptcy did not exist. If a man owed and he could not pay, he and his wife, children or servants were forced into "debt slavery", until the creditor recouped losses via their physical labour. Many city-states in ancient Greece limited debt slavery to a period of five years and debt slaves had protection of life and limb, which regular slaves did not enjoy. However, servants of the debtor could be retained beyond that deadline by the creditor and were often forced to serve their new lord for a lifetime, usually under significantly harsher conditions. In Judaism and the Torah, or Old Testament, every seventh year is decreed by Mosaic Law as a Sabbatical year wherein the release of all debts that are owed by members of the Jewish community is mandated, but not of "gentiles". ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bankruptcy
Bankruptcy is a legal process through which people or other entities who cannot repay debts to creditors may seek relief from some or all of their debts. In most jurisdictions, bankruptcy is imposed by a court order, often initiated by the debtor. Bankrupt is not the only legal status that an insolvent person may have, meaning the term ''bankruptcy'' is not a synonym for insolvency. Etymology The word ''bankruptcy'' is derived from Italian language, Italian , literally meaning . The term is often described as having originated in Renaissance Italy, where there allegedly existed the tradition of smashing a banker's bench if he defaulted on payment. However, the existence of such a ritual is doubted. History In Ancient Greece, bankruptcy did not exist. If a man owed and he could not pay, he and his wife, children or servants were forced into "debt slavery" until the creditor recouped losses through their Manual labour, physical labour. Many city-states in ancient Greece lim ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Contested Garment Rule
The contested garment (CG) rule, also called concede-and-divide, is a division rule for solving problems of conflicting claims (also called "bankruptcy problems"). The idea is that, if one claimant's claim is less than 100% of the estate to divide, then he effectively ''concedes'' the unclaimed estate to the other claimant. Therefore, we first give to each claimant, the amount conceded to him/her by the other claimant. The remaining amount is then divided equally among the two claimants. The CG rule first appeared in the Mishnah, exemplified by a case of conflict over a garment, hence the name. In the Mishnah, it was described only for two-people problems. But in 1985, Robert Aumann and Michael Maschler have proved that, in every bankruptcy problem, there is a unique division that is consistent with the CG rule for each pair of claimants. They call the rule, that selects this unique division, the CG-consistent rule (it is also called the Talmud rule). Problem description There i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Philip II Of Spain
Philip II (21 May 152713 September 1598), sometimes known in Spain as Philip the Prudent (), was King of Spain from 1556, King of Portugal from 1580, and King of Naples and List of Sicilian monarchs, Sicily from 1554 until his death in 1598. He was also ''jure uxoris'' King of England and List of Irish monarchs, Ireland from Wedding of Mary I of England and Philip of Spain, his marriage to Queen Mary I in 1554 until her death in 1558. Further, he was Duke of Milan from 1540. From 1555, he was Lord of the Seventeen Provinces of the Habsburg Netherlands, Netherlands. The son of Emperor Charles V and Isabella of Portugal, Holy Roman Empress, Isabella of Portugal, Philip inherited his father's Spanish Empire in 1556, and succeeded to the Kingdom of Portugal, Portuguese throne in 1580 following a dynastic crisis. The Spanish conquests Spanish conquest of the Inca Empire, of the Inca Empire and of the Philippines, named in his honor by Ruy López de Villalobos, were completed during h ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Capital Punishment
Capital punishment, also known as the death penalty and formerly called judicial homicide, is the state-sanctioned killing of a person as punishment for actual or supposed misconduct. The sentence (law), sentence ordering that an offender be punished in such a manner is called a death sentence, and the act of carrying out the sentence is an execution. A prisoner who has been sentenced to death and awaits execution is ''condemned'' and is commonly referred to as being "on death row". Etymologically, the term ''capital'' (, derived via the Latin ' from ', "head") refers to execution by Decapitation, beheading, but executions are carried out by List of methods of capital punishment, many methods, including hanging, Execution by shooting, shooting, lethal injection, stoning, Electric chair, electrocution, and Gas chamber, gassing. Crimes that are punishable by death are known as ''capital crimes'', ''capital offences'', or ''capital felonies'', and vary depending on the jurisdic ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Genghis Khan
Genghis Khan (born Temüjin; August 1227), also known as Chinggis Khan, was the founder and first khan (title), khan of the Mongol Empire. After spending most of his life uniting the Mongols, Mongol tribes, he launched Mongol invasions and conquests, a series of military campaigns, conquering large parts of Mongol conquest of China, China and Mongol invasion of Central Asia, Central Asia. Born between 1155 and 1167 and given the name Temüjin, he was the eldest child of Yesugei, a Mongol chieftain of the Borjigin, Borjigin clan, and his wife Hö'elün. When Temüjin was eight, his father died and his family was abandoned by its tribe. Reduced to near-poverty, Temüjin killed Behter, his older half-brother to secure his familial position. His charismatic personality helped to attract his first followers and to form alliances with two prominent Eurasian Steppe, steppe leaders named Jamukha and Toghrul; they worked together to retrieve Temüjin's newlywed wife Börte, who had b ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Yassa
The Yassa (alternatively ''Yasa'', ''Yasaq'', ''Jazag'' or ''Zasag''; ) was the oral law code of the Mongols, gradually built up through the reign of Genghis Khan. It was the '' de facto'' law of the Mongol Empire, even though the "law" was kept secret and never made public. The Yassa seems to have its origin in wartime decrees, which were later codified and expanded to include cultural and lifestyle conventions. By keeping the Yassa secret, the decrees could be modified and used selectively. It is believed that the Yassa was supervised by Genghis Khan himself and his adopted son Shigi Qutuqu, then the high judge (in ) of the Mongol Empire. Genghis Khan appointed his second son, Chagatai (later Chagatai Khan), to oversee the laws' execution. Etymology The word ''yasa'' (or ''Yassa'') exists in both Mongolic and Turkic languages. It is believed that the word derives from the Proto-Mongolian verb *''jasa-'' (Modern ), which means "to set in order". The Turkic verb ''yasa-'', whi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Al-Maqrizi
Al-Maqrīzī (, full name Taqī al-Dīn Abū al-'Abbās Aḥmad ibn 'Alī ibn 'Abd al-Qādir ibn Muḥammad al-Maqrīzī, ; 1364–1442) was a medieval Egyptian historian and biographer during the Mamluk era, known for his interest in the Fatimid era, and the earlier periods of Egyptian history.Paul E. Walker, ''Exploring an Islamic Empire: Fatimid History and its Sources'' (London, I.B. Tauris, 2002), p. 164. The material for updating this article is taken from Walker's account of al-Maqrizi. He is recognized as the most influential historian of premodern Egypt. Life A direct student of Ibn Khaldun, al-Maqrīzī was born in Cairo to a family of Syrian origin that had recently relocated from Damascus. When he presents himself in his books he usually stops at the 10th forefather although he confessed to some of his close friends that he can trace his ancestry to al-Mu‘izz li-Dīn Allāh – first Fatimid caliph in Egypt and the founder of al-Qahirah – and even to Ali ibn ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
East Asia
East Asia is a geocultural region of Asia. It includes China, Japan, Mongolia, North Korea, South Korea, and Taiwan, plus two special administrative regions of China, Hong Kong and Macau. The economies of Economy of China, China, Economy of Japan, Japan, Economy of South Korea, South Korea, and Economy of Taiwan, Taiwan are among the world's largest and most prosperous. East Asia borders North Asia to the north, Southeast Asia to the south, South Asia to the southwest, and Central Asia to the west. To its east is the Pacific Ocean. East Asia, especially History of China, Chinese civilization, is regarded as one of the earliest Cradle of civilization#China, cradles of civilization. Other ancient civilizations in East Asia that still exist as independent countries in the present day include the History of Japan, Japanese, History of Korea, Korean, and History of Mongolia, Mongolian civilizations. Various other civilizations existed as independent polities in East Asia in the past ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Canon Law
Canon law (from , , a 'straight measuring rod, ruler') is a set of ordinances and regulations made by ecclesiastical jurisdiction, ecclesiastical authority (church leadership) for the government of a Christian organization or church and its members. Canon law includes the internal ecclesiastical law, or operational policy, governing the Catholic Church (both the Latin Church and the Eastern Catholic Churches), the Eastern Orthodox Church, Eastern Orthodox and Oriental Orthodoxy, Oriental Orthodox churches, and the individual national churches within the Anglican Communion. The way that such church law is legislative power, legislated, interpreted and at times court, adjudicated varies widely among these four bodies of churches. In all three traditions, a canon (canon law), canon was originally a rule adopted by a church council; these canons formed the foundation of canon law. Etymology Greek language, Greek / , Arabic language, Arabic / , Hebrew language, Hebrew / , 'straigh ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Al-Baqara
Al-Baqarah (, ; "The Heifer" or "The Cow"), also spelled as Al-Baqara, is the second and longest chapter (''surah'') of the Quran. It consists of 286 verses ('' āyāt'') which begin with the "'' muqatta'at''" letters ''alif'' ()'', lām'' ()'','' and '' mīm'' (). The Verse of Loan, the longest single verse, and the Throne Verse, the greatest verse, are in this chapter. The sūrah encompasses a variety of topics and contains several commands for Muslims such as enjoining fasting on the believer during the month of Ramadan; forbidding interest or usury (''riba''); and several other famous verses such as the final two verses, which came from the treasure under the Throne and the verse of no compulsion in religion. The sūrah addresses a wide variety of topics, including substantial amounts of law, and retells stories of Adam, Ibrahim (Abraham) and Mūsa (Moses). A major theme is guidance: urging the pagans ( Al-Mushrikeen) and the Jews of Medina to embrace Islam, and w ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sura
A ''surah'' (; ; ) is an Arabic word meaning 'chapter' in the Quran. There are 114 ''suwar'' in the Quran, each divided into verses (). The ''suwar'' are of unequal length; the shortest ''surah'' ( al-Kawthar) has only three verses, while the longest ( al-Baqarah) contains 286 verses. Muhammad Mustafa Al-A'zami (2003), ''The History of The Qur'anic Text: From Revelation to Compilation: A Comparative Study with the Old and New Testaments'', p.70. UK Islamic Academy. . The Qur'an consists of one short introductory chapter (Q1), eight very long chapters, making up one-third of the Qur'an ( Q2‒ 9); 19 mid-length chapters, making up another one-third (Q10‒28); and 86 short and very short ones of the last one-third (Q29‒114). Of the 114 ''suwar'' in the Quran, 86 are classified as Meccan (), as according to Islamic tradition they were revealed before Muhammad's migration to Medina (''hijrah''), while 28 are Medinan (), as they were revealed after. This classification is onl ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Quran
The Quran, also Romanization, romanized Qur'an or Koran, is the central religious text of Islam, believed by Muslims to be a Waḥy, revelation directly from God in Islam, God (''Allah, Allāh''). It is organized in 114 chapters (, ) which consist of individual verses ('). Besides its religious significance, it is widely regarded as the finest work in Arabic literature, and has significantly influenced the Arabic, Arabic language. It is the object of a modern field of academic research known as Quranic studies. Muslims believe the Quran was orally revealed by God to the final Islamic Prophets and messengers in Islam, prophet Muhammad in Islam, Muhammad through the Angel#Islam, angel Gabriel#Islam, Gabriel incrementally over a period of some 23 years, beginning on the Night of Power, Laylat al-Qadr, when Muhammad was 40, and concluding in 632, the year of his death. Muslims regard the Quran as Muhammad's most important Islamic view of miracles, miracle, a proof of his prophet ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
