Belize’s 2016–17 Sovereign Debt Restructuring – Third Time Lucky?
Journal of Banking and Financial Economics, 2020 This paper examines the causes, process, and outcome of Belize’s 2016–17 sovereign debt restructuring – its third episode in last 10 years. As was the case in the earlier two restructurings, in 2006–07 and in 2012–13, the 2016–17 debt restructuring was ...
Tamon Asonuma +3 more
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Political Connections, Debt Restructuring, and Enterprise Investment: Evidence from China
Discrete Dynamics in Nature and Society, 2020 This paper shows that the link between debt restructuring and enterprise investment in emerging economies hinges critically on the political connections.
Xinlin Mo, Jinglu Jiang
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DIPLOMACY, DEBT, AND CHANGE: THE INTERNATIONAL DEBT ARCHITECTURE AFTER THE COVID-19 PANDEMIC
Revista Tempo do Mundo, 2022 The article argues that the response from the Group of Twenty (G20) and the Paris Club to the covid-19 pandemic in the field of sovereign debt marks a turning point in the international debt architecture.
Osvaldo Quirino de Souza Filho
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Review of Financial Studies, 2000 We analyze a distressed firm indebted to many creditors. The firm's owners have the option of choosing the sequence of restructuring negotiations with the creditors. We show that sequencing flexibility is beneficial to firm owners, and that the optimal sequencing of restructuring negotiations involves exploiting the firm's liabilities to some creditors
Noe, T, Wang, J
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Debt Restructuring in Transition
SSRN Electronic Journal, 2022 Discusses the impact of Brexit and the Corporate Insolvency and Governance Act 2020 on UK debt restructuring, including a move to a more pro-debtor regime, the creation of a modular system, a blurred distinction between insolvency and restructuring, and a cross-border regime of growing complexity.
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CONSIDERATIONS ON THE COORDINATION OF PREVENTIVE RESTRUCTURING MEASURES INTRODUCED BY DIRECTIVE (EU) 2019/1023 OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL OF 20 JUNE 2019 ON PREVENTIVE RESTRUCTURING FRAMEWORKS, ON DISCHARGE OF DEBT AND DISQUALIFICATIONS, AND ON MEASURES TO INCREASE THE EFFICIENCY OF PROCEDURES CONCERNING RESTRUCTURING, INSOLVENCY AND DISCHARGE OF DEBT, AND AMENDING DIRECTIVE (EU) 2017/1132 (DIRECTIVE ON RESTRUCTURING AND INSOLVENCY) [PDF]
Challenges of the Knowledge Society, 2021 Preventive solutions are a growing trend in insolvency law and approaches that have the aim of saving the companies which are still economically viable are a benefit to the economy.
Vasile NEMEȘ, Gabriela FIERBINȚEANU
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RESTRUCTURING FARM-RUNNING ENTITIES – LEGAL ASPECTS [PDF]
Annals of the Polish Association of Agricultural and Agribusiness Economists, 2020 The Act of 9 November 2018 on debt restructuring for farm-running entities introduced, into Polish law, certain instruments aimed at improving the financial liquidity of agricultural enterprises, which are insolvent or threatened with insolvency, and ...
Adam Majchrzak
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TINJAUAN YURIDIS PERJANJIAN PERDAMAIAN PADA PROSES PENUNDAAN KEWAJIBAN PEMBAYARAN UTANG
IBLAM Law Review, 2023 Peace agreements are crucial to PKPU's goal of helping creditors restructure their debts. This research addresses how to arrange the peace agreement as a debt restructuring step in the Postponement of Debt Payment Obligations (PKPU), how it is used in ...
Tommy Leonard +1 more
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, 2000 What difference does it make, and for whom, whether the nonperforming debts of emerging market borrowers are restructured? This paper begins by positing a set of counterfactual conditions under which restructuring would not matter, and then shows how several ways in which the actual world of international lending departs from these conditions give both
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Sovereign Debt Restructurings in Grenada: Causes, Processes, Outcomes, and Lessons Learned
Journal of Banking and Financial Economics, 2018 This paper documents the two debt restructurings that Grenada undertook in 2004–06 and 2013–15. Both restructurings emerged as a consequence of weak fiscal and debt situations, which became unsustainable soon after external shocks hit the ...
Tamon Asonuma +4 more
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