University of Tehran Law Quarterly 2588-5618 45 1 2015 03 21 THE FAILURE OF BANK BANKRUPTCY RULES IN IRANIAN LEGAL SYSTEM THE FAILURE OF BANK BANKRUPTCY RULES IN IRANIAN LEGAL SYSTEM 113 126 54035 10.22059/jlq.2015.54035 FA Seyed Mohammad Tabatabaei Nejad Assistant Professor, Faculty of Law & Political Science, University of Tehran, Iran Journal Article 2014 08 17 The financial crisis have caused many writers to become concerned with the effectiveness of existing bankruptcy laws, which encompasses both the usefulness of reorganization and liquidation laws, as well as efficiency of the judicial system to uphold the laws in court. This concern accompanied in our legal system with the privatization movement has caused many banks owned by the government to be privatized. This leads us to conclude that the previous system of bankruptcy may fail to respond to new challenges of different legal systems around the word. The current paper aims to scrutinize the bankruptcy of banks in our legal system and propose the amendments required to make an efficient and effective system of bank bankruptcy. The financial crisis have caused many writers to become concerned with the effectiveness of existing bankruptcy laws, which encompasses both the usefulness of reorganization and liquidation laws, as well as efficiency of the judicial system to uphold the laws in court. This concern accompanied in our legal system with the privatization movement has caused many banks owned by the government to be privatized. This leads us to conclude that the previous system of bankruptcy may fail to respond to new challenges of different legal systems around the word. The current paper aims to scrutinize the bankruptcy of banks in our legal system and propose the amendments required to make an efficient and effective system of bank bankruptcy. https://jlq.ut.ac.ir/article_54035_94de5bbe64af8389436baf7b904772d7.pdf