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2022
Abstract This new edition offers detailed legal analysis of international corporate, banking, and sovereign debt restructuring, from the perspective of creditors and debtors. It provides practical guidance to help practitioners, policymakers, and academics in the UK and US to understand current developments in debt restructuring, and it ...
Rodrigo Olivares-Caminal +4 more
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Abstract This new edition offers detailed legal analysis of international corporate, banking, and sovereign debt restructuring, from the perspective of creditors and debtors. It provides practical guidance to help practitioners, policymakers, and academics in the UK and US to understand current developments in debt restructuring, and it ...
Rodrigo Olivares-Caminal +4 more
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Debt Overhang and Debt Restructuring
SSRN Electronic Journal, 2012This paper analyzes how debt forgiveness and exchange offers resolve inefficiencies associated with debt overhang in a dynamic setting. In a static model debt forgiveness and exchange offers are equivalent -- in a dynamic model they are not. Debt forgiveness is feasible as a means to restructure debt when the firm expands into a competitive market ...
Pascal Frantz, Norvald Instefjord
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Analytics of sovereign debt restructuring [PDF]
Journal of International Economics, 2003 Over the past few years there has been an active debate among policy-makers on appropriate mechanisms for restructuring sovereign debt, particularly international bonds. In this paper a simple theoretical model is developed to analyse the merits of these proposals.
Andrew G Haldane +3 more
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2016
Abstract The US and English models for financial restructurings of companies in financial difficulties are fundamentally different. The first edition of this book was written in the wave of restructurings precipitated by the credit crisis which brought into the spotlight arguments that the principles behind the US chapter 11 regime ought
Rodrigo Olivares-Caminal +5 more
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Abstract The US and English models for financial restructurings of companies in financial difficulties are fundamentally different. The first edition of this book was written in the wave of restructurings precipitated by the credit crisis which brought into the spotlight arguments that the principles behind the US chapter 11 regime ought
Rodrigo Olivares-Caminal +5 more
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Journal of Financial Economics, 1990
Abstract This study investigates the incentives of financially distressed firms to restructure their debt privately rather than through formal bankruptcy. In a sample of 169 financially distressed companies, about half successfully restructure their debt outside of Chapter 11. Firms more likely to restructure their debt privately have more intangible
Stuart C. Gilson +2 more
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Abstract This study investigates the incentives of financially distressed firms to restructure their debt privately rather than through formal bankruptcy. In a sample of 169 financially distressed companies, about half successfully restructure their debt outside of Chapter 11. Firms more likely to restructure their debt privately have more intangible
Stuart C. Gilson +2 more
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Restructuring Subnational Debt
SSRN Electronic Journal, 2001This article argues that certain basic principles of bankruptcy reorganization law can create a framework for crafting national laws for the restructuring of subnational debt, and that these principles should have universal application to the internal laws of any nation irrespective of its subnational structure or its existing approach toward ...
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American Economic Review, 2003
Since the early 1980's, patterns of emergingmarket finance have changed significantly. Greater integration of capital markets and a trend toward a greater use of direct lending through bonds has led to relatively decreased use of indirect finance through syndicated bank loans.
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Since the early 1980's, patterns of emergingmarket finance have changed significantly. Greater integration of capital markets and a trend toward a greater use of direct lending through bonds has led to relatively decreased use of indirect finance through syndicated bank loans.
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International Law Reports, 2021
227State immunity — Jurisdictional immunity — Exceptions — Acta jure gestionis — Acta jure imperii — Once a trader always a trader — State of emergency — Law-making — Legislature regulating legal relations initially established by acta jure gestionis qualifying as acta jure imperiiEconomics, trade and finance — European Monetary Union — Hellenic ...
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227State immunity — Jurisdictional immunity — Exceptions — Acta jure gestionis — Acta jure imperii — Once a trader always a trader — State of emergency — Law-making — Legislature regulating legal relations initially established by acta jure gestionis qualifying as acta jure imperiiEconomics, trade and finance — European Monetary Union — Hellenic ...
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1986
To decide whether, and on what terms, to restructure debt, banks must know why the company needs help. There will always be a financial problem by the time restructuring is necessary, but it may be the main problem or may result from wider failures such as: the structure of the business; unwise acquisitions financed by debt; inefficient plant and ...
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To decide whether, and on what terms, to restructure debt, banks must know why the company needs help. There will always be a financial problem by the time restructuring is necessary, but it may be the main problem or may result from wider failures such as: the structure of the business; unwise acquisitions financed by debt; inefficient plant and ...
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1986
A country cannot go bankrupt in the sense of distributing its assets among creditors and ceasing to exist. Therefore some of the arguments put forward in Chapter 9 about apportionment of debt for a bankrupt company do not apply. Lenders to countries fall into categories, which tend to negotiate separately but keep a jealous eye on each other. The three
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A country cannot go bankrupt in the sense of distributing its assets among creditors and ceasing to exist. Therefore some of the arguments put forward in Chapter 9 about apportionment of debt for a bankrupt company do not apply. Lenders to countries fall into categories, which tend to negotiate separately but keep a jealous eye on each other. The three
openaire +1 more source