The Importance of Empirical Legal Research in Insolvency and Restructuring Law

Understanding and employing empirical legal research methods play a crucial role in shaping our knowledge of complex legal issues within insolvency and restructuring law. Empirical research allows us to study how laws work in practice and their impact on society, including the effectiveness of legal systems. Researchers should consider conducting empirical research when questioning legal assumptions or drafting laws. Challenges in empirical research include the fact-value gap and the need to maintain transparency, reliability, and validity in data collection and analysis.