Sovereign Debt Restructurings in Grenada: Causes, Processes, Outcomes, and Lessons Learned
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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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]
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
doaj
TINJAUAN YURIDIS PERJANJIAN PERDAMAIAN PADA PROSES PENUNDAAN KEWAJIBAN PEMBAYARAN UTANG
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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The new German “Stabilisation and Restructuring Framework for Businesses”
On 1 January 2021, the Bill on the Further Development of Restructuring and Insolvency Law (Sanierungs- und Insolvenzrechts-fortentwicklungsgesetz, SanInsFoG) entered into force in Germany. The core piece of the SanInsFoG is the Act on the Stabilisation
Tjark Pagoda, Christoph Thole
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RESTRUCTURING FARM-RUNNING ENTITIES – LEGAL ASPECTS [PDF]
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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Restructuring a Sovereign Debtor’s Contingent Liabilities [PDF]
How should the contingent liabilities of a sovereign be treated in a general restructuring of the debts of that sovereign? This question has played only a minor role in past sovereign debt restructurings because the size of such contingent liabilities ...
Buchheit, Lee C., Gulati, Mitu
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Preventive Restructuring as a New Trend of Insolvency Legislation [PDF]
The need to harmonize corporate insolvency legislation has led to the adoption by the European Union of the relevant regulations - the Recommendation on a New Approach to Business Failure and Insolvency and the Directive 2019/1023 on preventive ...
Yaroslav Hrynchyshyn
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The Greek Debt Restructuring: An Autopsy [PDF]
The Greek debt restructuring of 2012 stands out in the history of sovereign defaults. It achieved very large debt relief—over 50 percent of 2012 GDP—with minimal financial disruption, using a combination of new legal techniques, exceptionally large cash ...
Gulati, Mitu +2 more
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Puerto Rico and the Netherworld of Sovereign Debt Restructuring [PDF]
Puerto Rico has incurred debt well beyond its ability to repay. It attempted to address its fiscal woes through legislation allowing the restructuring of some its debt.
Gulati, Mitu, Rasmussen, Robert K.
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IMPLEMENTASI KETENTUAN RESTRUKTURISASI KREDIT TERHADAP DEBITUR WANPRESTASI PADA KREDIT PERBANKAN
The high percentage of non-performance loan (NPL) may bring adverse impact to creditor (banks), the banking sector in general, and also to the economic and financial of the country.
Putu Eka Trisna Dewi
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