Results 81 to 90 of about 1,589 (252)

The Liquidity Sprint: Short‐Term Cash Needs and Access to Credit

European Financial Management, EarlyView.
ABSTRACT We identify the causal drivers of the COVID‐19 ‘dash‐for‐cash’ in Europe using a hand‐collected panel of Euro‐area firms (2018‐Q4–2020‐Q3). Exploiting regional infection intensity as an instrument, we find that a one‐unit EBITDA decline raised credit‐line utilization by 15.5 percentage points in 2020‐Q2. Unlike the US ‘fallen‐angel’ narrative,
Mario Cerrato, Shengfeng Mei, Hormoz Ramian   +2 more
wiley   +1 more source

Insolvency Proceedings and Court Payment Orders – Legal Problems

Iustinianus Primus Law Review, 2014
This paper deals with the treatment of court payment orders in connection with domestic insolvency proceedings. At the outset the paper presents some general legal problems connected with the legal definition of the term “trader” or “merchant” in ...
Dimitar Gelev
doaj  

Article Oh Captain(s)! My Captain(s)

European Insolvency and Restructuring Journal
In this article, the author examines to what extent the European Insolvency Regulation (recast) authorizes Member States' courts to cooperate cross-border through appointing the same insolvency practitioner in insolvency proceedings relating to group ...
Sid Pepels
doaj   +1 more source

Can Coercive Vertical Consolidation Improve the Financial Condition of Local Authorities?

Financial Accountability &Management, EarlyView.
ABSTRACT Vertical consolidation of small local authorities providing neighborhood services and large authorities providing strategic services into unitary authorities is assumed to improve financial condition by creating new economies of scale and scope.
Rhys Andrews, Dennis De Widt
wiley   +1 more source

Geopolitical Risk and Domestic Bank Deposits

Financial Management, EarlyView.
ABSTRACT We investigate the relationship between global geopolitical risk and bank deposit flows across a wide panel of European countries. Motivated by the pivotal role of deposit stability for financial intermediation and systemic resilience, we explore whether geopolitical shocks alter depositors’ portfolio choices.
Dimitris Anastasiou, Theodore Kapopoulos, Steven Ongena, Athanasios Sakkas   +3 more
wiley   +1 more source

WORKING AND LEGAL POSITION OF THE EMPLOYEES OF THE INSOLVENT DEBTOR AND CLAIMS OF THE EMPLOYEES IN THE CASE OF INSLOLVENCY PROCEEDINGDS OF THE EMPLOYER, LEGAL REGULATIONS AND REALITY

Pravo, 2012
In Serbia, the Insolvency Law has been applied since 24th January 2010 (The Public Herald of Republic of Serbia no. 104/09). There have been great expectations of the Insolvency Law since the day it was issued.
Vesna Bilbija
doaj  

Principle for Effective Insolvence

Bulletin of the Transilvania University of Braşov: Series VII: Social Sciences, Law
Insolvency proceedings are complex because they combine 3 components: economic, judicial and social. Consequently, the conduct of these proceedings requires the participation of implementing authorities with a view to achieving the aim laid down by the ...
Anca Roxana Bularca
doaj   +1 more source

Prolegomenon of the Croatian insolvency law from Croatia's accession to the European Union [PDF]

Zbornik Radova Pravnog Fakulteta u Nišu, 2019
The normative framework of Croatian insolvency legislation is solid in terms of legal systematics, legal techniques, and normative consistency. To that effect, a significant contribution may be accredited to Croatian courts which have rigorously examined
Bodul Dejan, Čuveljak Jelena, Nakić Jakob   +2 more
doaj  

THE RESPONSIBILITY OF PERSONS CAUSING DEBTOR’S INSOLVENCY IN THE BILL ON PRE-INSOLVENCY AND INSOLVENCY PROCEEDINGS

Agora International Journal of Juridical Sciences, 2014
Insolvency is the state of the debtor’s patrimony characterized by insufficientmonetary funds available for the payment of exigible debts. It may be the consequence ofunfavourable economic circumstances, but also the result of managerial deficiencies of evenfraud.If insolvency is caused by the gross incompetence or the fraud of the debtor’s board ...
openaire   +2 more sources

Control Overhang and Owner Financial Constraints: Evidence From Equity Issuance

Financial Management, EarlyView.
ABSTRACT Under the debt overhang problem, firms approaching distress issue too little equity because new capital primarily benefits creditors. We identify an additional mechanism—control overhang—that further suppresses equity issuance for firms with controlling owners. As distress risk rises, equity issuance discounts steepen, and each unit of capital
Jens Forssbæck, Håkan Jankensgård, Reda Moursli   +2 more
wiley   +1 more source