Cross-border debt restructurings: innovative approaches for creditors, corporates and sovereigns
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
London
Euromoney Books
2005
|
| Schlagworte: | |
| Online-Zugang: | Inhaltsverzeichnis |
| Beschreibung: | XXXIII, 448 S. |
| ISBN: | 1843741946 |
Internformat
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| 100 | 1 | |a Buljevich, Esteban C. |e Verfasser |4 aut | |
| 245 | 1 | 0 | |a Cross-border debt restructurings |b innovative approaches for creditors, corporates and sovereigns |c author and editor Esteban C. Buljevich |
| 264 | 1 | |a London |b Euromoney Books |c 2005 | |
| 300 | |a XXXIII, 448 S. | ||
| 336 | |b txt |2 rdacontent | ||
| 337 | |b n |2 rdamedia | ||
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| 650 | 7 | |a Hervormingen |2 gtt | |
| 650 | 7 | |a Schulden |2 gtt | |
| 650 | 4 | |a Bankruptcy | |
| 650 | 4 | |a Corporate reorganizations | |
| 650 | 4 | |a Debt relief | |
| 650 | 4 | |a Debtor and creditor | |
| 650 | 4 | |a Debts, External | |
| 650 | 4 | |a International finance | |
| 650 | 4 | |a Payment | |
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Datensatz im Suchindex
| _version_ | 1804137632089767936 |
|---|---|
| adam_text | CONTENTS
FOREWORD
PREFACE
ACKNOWLEDGEMENTS
BIOGRAPHIES
INTRODUCTION
XV
XVII
XXII
XXIII
XXXI
PART I: THE BASICS 1
CHAPTER 1: THE WORKOUT DECALOGUE: THE NEW GLOBAL APPROACH
TO DEBT RESTRUCTURINGS 3
INTRODUCTION 3
HISTORICAL BACKGROUND ON SOVEREIGN DEBT DEFAULT - A BRIEF SUMMARY 4
THE LONDON APPROACH 6
THE INSOL LENDERS GROUP; INSOL PRINCIPLES 16
THE NEW GLOBAL APPROACH TO DEBT RESTRUCTURINGS: THE WORKOUT DECALOGUE 23
CHAPTER 2: OUT-OF-COURT DEBT RESTRUCTURINGS: A.K.A. WORKOUTS
THE STARTING POINT - OUT-OF-COURT DEBT RESTRUCTURINGS
CORE PRINCIPLES OF WORKOUTS
THE TEN WORKOUT BANKER MOTTOS
CONCLUSION - THE BASICS OF A RECOVERY EFFORT
28
28
32
37
39
CHAPTER 3: THE RESTRUCTURING DILEMMA: OUT-OF-COURT VERSUS IN-COURT;
THE MIDDLE-OF-THE-ROAD ALTERNATIVE 41
INTRODUCTION 41
THE OUT-OF-COURT APPROACH 41
THE JUDICIAL APPROACH 49
THE MIDDLE-OF-THE-ROAD ALTERNATIVE; PREPACKAGED PLANS 52
CONCLUSION 57
CHAPTER 4: THE RESTRUCTURING PROCESS: WORKOUT PHASES AND
STANDSTILL PERIOD
INTRODUCTION
59
59
IX
CONTENTS
INCEPTION OF A WORKOUT
MAIN PHASES OF A RESTRUCTURING PROCESS
STANDSTILL RELIEF AND STANDSTILL PERIOD
CONCLUSION
59
63
69
77
CHAPTER 5:
CHAPTER 6:
CHAPTER 7:
CHAPTER 8:
THE RESTRUCTURING PROCESS: STEERING COMMITTEES AND
PROFESSIONAL ADVISERS, DISCLOSURE OF INFORMATION AND
DISTRESSED DEBT TRADING
INTRODUCTION
STEERING COMMITTEES
DISCLOSURE OF INFORMATION
DISTRESSED DEBT TRADING
CONCLUSION
THE RESTRUCTURING PROCESS: RELATIONSHIP AMONG CREDITORS
AND NEW MONEY
INTRODUCTION
DEALING WITH CREDITORS
NEW MONEY FINANCING
CONCLUSION
ANATOMY OF A RESTRUCTURING: THE DIAGNOSIS
INTRODUCTION TO FINANCIAL ANALYSIS
LIQUIDITY ANALYSIS
ANALYSIS OF LIABILITIES
ANALYSIS OF ASSETS
ANALYSIS OF CONTRACTS
CONCLUSIONS OF DIAGNOSTIC ANALYSIS
ANATOMY OF A RESTRUCTURING: THE PROGNOSIS
INTRODUCTION
DEVELOPMENT OF A NEW BUSINESS PLAN
VALUATION OF A TROUBLED COMPANY AS A GOING CONCERN
VALUATION IN LIQUIDATION
SUSTAINABLE DEBT LEVEL AND CAPITAL STRUCTURE ANALYSIS
ANALYSIS OF RESTRUCTURING ALTERNATIVES
CONCLUSION
78
78
78
87
91
95
96
96
96
105
110
111
111
114
118
132
136
137
138
138
138
139
150
154
159
165
CHAPTER 9: ANATOMY OF A RESTRUCTURING: THE TREATMENT
INTRODUCTION
RESTRUCTURING STRATEGIES FOR CREDITORS AND DEBTORS
166
166
166
CONTENTS
BUILDING THE RESTRUCTURING PROPOSAL - THE FOUNDATION 172
ESCALATING LEVELS OF TREATMENT - FROM WAIVERS TO RESCHEDULINGS
TO RESTRUCTURINGS 179
TREATMENT METHODS FOR RESCHEDULINGS 180
TREATMENT METHODS FOR RESTRUCTURINGS 182
CONCLUSION 188
PART II: SPECIAL TOPICS
CHAPTER 10: SIGNS OF FINANCIAL DISTRESS
INTRODUCTION
EARLY RECOGNITION OF FINANCIAL DISTRESS
AD HOC CORPORATE DISTRESS AND SYSTEMIC FINANCIAL DISTRESS
SYSTEMIC FINANCIAL DISTRESS
WARNING SIGNS FOR FINANCIAL INSTITUTIONS
WARNING SIGNS FOR CORPORATE BORROWERS
CONCLUSION
191
193
193
193
195
196
200
203
207
CHAPTER 11: UNITED STATES BANKRUPTCY REORGANISATIONS UNDER
CHAPTER 11
INTRODUCTION
STRUCTURE OF THE BANKRUPTCY CODE; BANKRUPTCY RULES
ELIGIBILITY FOR REORGANISATION
COMMENCING A CHAPTER 11 CASE
VENUE
DEBTOR-IN-POSSESSION
AUTOMATIC STAY
CREDITORS COMMITTEE AND OTHER COMMITTEES
CONTINUED OPERATION OF THE BUSINESS - DEBTOR-IN-POSSESSION
MEETING OF CREDITORS
CHAPTER 11 TRUSTEE
EXAMINER
CONVERSION OR DISMISSAL OF THE CASE
REORGANISATION PLAN: FORMULATION
DISCLOSURE STATEMENT
PLAN SOLICITATION AND CLASS ACCEPTANCE
MODIFICATIONS OF THE PLAN
CONFIRMATION OF THE PLAN
THE EFFECT OF CONFIRMATION
CONCLUSION
209
209
210
211
212
214
214
215
216
218
221
221
222
222
223
225
226
226
227
231
231
CHAPTER 12: UNITED STATES PREPACKAGED CHAPTER 11 CASES
INTRODUCTION: WHY A PREPACKAGED CASE?
TYPES OF PREPACKAGED CASES
232
232
233
XI
CONTENTS
THE PREPACKAGED PROCESS
STRATEGIC CONSIDERATIONS
PRE-NEGOTIATED CASES
STATUTORY BASES FOR PREPACKAGED CASES
RECENT TRENDS
CONCLUSION
CHAPTER 13: CROSS-BORDER INSOLVENCY AND BANKRUPTCY: CONCEPTS,
CONVENTIONS AND CASE STUDIES
INTRODUCTION
FUNDAMENTAL CONCEPTS IN CROSS-BORDER INSOLVENCIES
INTERNATIONAL TREATIES AND CONVENTIONS
ADMINISTRATION OF CROSS-BORDER INSOLVENCY PROCEEDINGS
CASE STUDIES IN CROSS-BORDER INSOLVENCIES
CONCLUSION
CHAPTER 14: ANCILLARY PROCEEDINGS UNDER THE UNITED STATES
BANKRUPTCY CODE
INTRODUCTION TO ANCILLARY PROCEEDINGS
STATUTORY PROVISIONS DEALING WITH ANCILLARY PROCEEDINGS
COMMENCEMENT OF PROCEEDINGS
OPPOSITION BY A PARTY IN INTEREST
INJUNCTIVE RELIEF
THE TURNOVER OF ASSETS
STANDARDS FOR RELIEF
CHOICE OF LAW
ABSTENTION
LIMITED APPEARANCE
CONCLUSION
234
236
237
239
243
244
246
246
246
251
254
261
265
267
267
268
272
275
276
278
279
283
284
285
286
CHAPTER 15: UNITED STATES SECURITIES LAWS AFFECTING CROSS-BORDER
DEBT RESTRUCTURINGS 288
INTRODUCTION 288
VOLUNTARY DEBT RESTRUCTURINGS GENERALLY 289
EXCHANGE OFFERS 291
TENDER OFFERS 309
CONSENT SOLICITATIONS 314
CONCLUSION 316
CHAPTER 16: SOVEREIGN DEBT RESTRUCTURINGS 317
INTRODUCTION 317
THE FOUNDATION OF SOVEREIGN DEBT RESTRUCTURINGS 317
XII
CONTENTS
FROM THE GUNBOATS TO THE COURTS
RESTRUCTURING SOVEREIGN DEBT IN THE BRETTON WOODS ERA
CONCLUSION
318
321
328
CHAPTER 17: COLLECTIVE ACTION CLAUSES AND WORKOUTS 333
INTRODUCTION 333
INTERNATIONAL SOVEREIGN BONDS 333
COLLECTIVE ACTION CLAUSES - TYPES AND CHARACTERISTICS 335
LEGAL CONSTRAINTS ON THE USE OF COLLECTIVE DECISION-MAKING PROVISIONS
341
REPORT OF THE GROUP OF TEN WORKING GROUP ON CONTRACTUAL CLAUSES 342
RECENT PROGRESS 343
CONCLUSION 347
CHAPTER 18: RESTRUCTURING PROJECT FINANCE TRANSACTIONS 349
INTRODUCTION 349
WHAT IS PROJECT FINANCE? 349
PROJECT FINANCE TRANSACTIONS IN DISTRESS 353
LENDER REMEDIES: ALTERNATIVES TO RESTRUCTURING 356
RESTRUCTURING PROJECT FINANCINGS: NON-FINANCIAL RESTRUCTURING 360
RESTRUCTURING PROJECT FINANCINGS: FINANCIAL RESTRUCTURING 362
INTERCREDITOR ISSUES 365
CONCLUSION 367
CHAPTER 19: POLITICAL RISK INSURANCE AND PROJECT WORKOUTS
INTRODUCTION
BACKGROUND
LESSONS FROM WORKOUTS
LESSONS FROM CLAIMS
CONCLUSION
368
368
368
374
380
383
PART III: CASE STUDIES ON WORKOUTS
CHAPTER 20: THE LONDON APPROACH, AND THE EAST ASIAN AND
ARGENTINE FINANCIAL CRISES EXPERIENCES
THE EAST ASIAN CRISES
THE ARGENTINE APPROACH
385
387
387
394
CHAPTER 21: A CENTRAL EUROPE CASE STUDY: NOVA HUT A.S.
INTRODUCTION
THE ONSET OF THE FINANCIAL CRISIS
THE RESTRUCTURING
THE UNEXPECTED OUTCOME
397
397
399
400
403
XLLL
CONTENTS
CONCLUSION
LESSONS LEARNED
406
407
CHAPTER 22: A LATIN AMERICAN CASE STUDY: GALICIA RESTRUCTURING 408
INTRODUCTION 408
GOVERNMENT AND JUDICIAL ACTIONS AFFECTING THE BANKING SYSTEM 412
IMPACT ON BANCO GALICIA 413
ROLE OF REGULATORS 415
GALICIA CAPITALISATION AND LIQUIDITY PLAN
( PLAN GALICIA DE CAPITALIZATION Y LIQUIDEZ ) 415
ROLE OF THE STEERING COMMITTEE 416
THE PLAYERS 417
OBJECTIVES OF THE RESTRUCTURING 417
FINANCIAL CONSTRAINTS 418
PRINCIPLES FOR THE RESTRUCTURING 419
STRUCTURE OF THE OFFER 420
SUMMARY RESULTS 422
RISK FACTORS 423
CONCLUSION: CHALLENGES AND LESSONS LEARNED 424
CHAPTER 23: AN EASTERN EUROPE CASE STUDY: THE PLK BANK CASE 427
INTRODUCTION 427
PLK BACKGROUND AND FINANCIAL INFORMATION 427
CAUSES AND NATURE OF FINANCIAL DISTRESS OF PLK 428
RESTRUCTURING OF PLK 428
CONCLUSIONS AND LESSONS LEARNED 437
CHAPTER 24: AN ASIAN RESTRUCTURING CASE STUDY
FACTUAL OVERVIEW
FINANCING STRUCTURE
FIRST DEBT MORATORIUM
RESTRUCTURING PROCESS
RESTRUCTURING PLAN
CONCLUSION - THE GROUP S REPUDIATION OF THE AGREED PLAN
LESSONS LEARNED
438
438
439
440
442
443
447
447
XIV
|
| adam_txt |
CONTENTS
FOREWORD
PREFACE
ACKNOWLEDGEMENTS
BIOGRAPHIES
INTRODUCTION
XV
XVII
XXII
XXIII
XXXI
PART I: THE BASICS 1
CHAPTER 1: THE WORKOUT DECALOGUE: THE NEW GLOBAL APPROACH
TO DEBT RESTRUCTURINGS 3
INTRODUCTION 3
HISTORICAL BACKGROUND ON SOVEREIGN DEBT DEFAULT - A BRIEF SUMMARY 4
THE LONDON APPROACH 6
THE INSOL LENDERS GROUP; INSOL PRINCIPLES 16
THE NEW GLOBAL APPROACH TO DEBT RESTRUCTURINGS: THE WORKOUT DECALOGUE 23
CHAPTER 2: OUT-OF-COURT DEBT RESTRUCTURINGS: A.K.A. WORKOUTS
THE STARTING POINT - OUT-OF-COURT DEBT RESTRUCTURINGS
CORE PRINCIPLES OF WORKOUTS
THE TEN WORKOUT BANKER MOTTOS
CONCLUSION - THE BASICS OF A RECOVERY EFFORT
28
28
32
37
39
CHAPTER 3: THE RESTRUCTURING DILEMMA: OUT-OF-COURT VERSUS IN-COURT;
THE MIDDLE-OF-THE-ROAD ALTERNATIVE 41
INTRODUCTION 41
THE OUT-OF-COURT APPROACH 41
THE JUDICIAL APPROACH 49
THE MIDDLE-OF-THE-ROAD ALTERNATIVE; PREPACKAGED PLANS 52
CONCLUSION 57
CHAPTER 4: THE RESTRUCTURING PROCESS: WORKOUT PHASES AND
STANDSTILL PERIOD
INTRODUCTION
59
59
IX
CONTENTS
INCEPTION OF A WORKOUT
MAIN PHASES OF A RESTRUCTURING PROCESS
STANDSTILL RELIEF AND STANDSTILL PERIOD
CONCLUSION
59
63
69
77
CHAPTER 5:
CHAPTER 6:
CHAPTER 7:
CHAPTER 8:
THE RESTRUCTURING PROCESS: STEERING COMMITTEES AND
PROFESSIONAL ADVISERS, DISCLOSURE OF INFORMATION AND
DISTRESSED DEBT TRADING
INTRODUCTION
STEERING COMMITTEES
DISCLOSURE OF INFORMATION
DISTRESSED DEBT TRADING
CONCLUSION
THE RESTRUCTURING PROCESS: RELATIONSHIP AMONG CREDITORS
AND NEW MONEY
INTRODUCTION
DEALING WITH CREDITORS
NEW MONEY FINANCING
CONCLUSION
ANATOMY OF A RESTRUCTURING: THE DIAGNOSIS
INTRODUCTION TO FINANCIAL ANALYSIS
LIQUIDITY ANALYSIS
ANALYSIS OF LIABILITIES
ANALYSIS OF ASSETS
ANALYSIS OF CONTRACTS
CONCLUSIONS OF DIAGNOSTIC ANALYSIS
ANATOMY OF A RESTRUCTURING: THE PROGNOSIS
INTRODUCTION
DEVELOPMENT OF A NEW BUSINESS PLAN
VALUATION OF A TROUBLED COMPANY AS A GOING CONCERN
VALUATION IN LIQUIDATION
SUSTAINABLE DEBT LEVEL AND CAPITAL STRUCTURE ANALYSIS
ANALYSIS OF RESTRUCTURING ALTERNATIVES
CONCLUSION
78
78
78
87
91
95
96
96
96
105
110
111
111
114
118
132
136
137
138
138
138
139
150
154
159
165
CHAPTER 9: ANATOMY OF A RESTRUCTURING: THE TREATMENT
INTRODUCTION
RESTRUCTURING STRATEGIES FOR CREDITORS AND DEBTORS
166
166
166
CONTENTS
BUILDING THE RESTRUCTURING PROPOSAL - THE FOUNDATION 172
ESCALATING LEVELS OF TREATMENT - FROM WAIVERS TO RESCHEDULINGS
TO RESTRUCTURINGS 179
TREATMENT METHODS FOR RESCHEDULINGS 180
TREATMENT METHODS FOR RESTRUCTURINGS 182
CONCLUSION 188
PART II: SPECIAL TOPICS
CHAPTER 10: SIGNS OF FINANCIAL DISTRESS
INTRODUCTION
EARLY RECOGNITION OF FINANCIAL DISTRESS
AD HOC CORPORATE DISTRESS AND SYSTEMIC FINANCIAL DISTRESS
SYSTEMIC FINANCIAL DISTRESS
WARNING SIGNS FOR FINANCIAL INSTITUTIONS
WARNING SIGNS FOR CORPORATE BORROWERS
CONCLUSION
191
193
193
193
195
196
200
203
207
CHAPTER 11: UNITED STATES BANKRUPTCY REORGANISATIONS UNDER
CHAPTER 11
INTRODUCTION
STRUCTURE OF THE BANKRUPTCY CODE; BANKRUPTCY RULES
ELIGIBILITY FOR REORGANISATION
COMMENCING A CHAPTER 11 CASE
VENUE
DEBTOR-IN-POSSESSION
AUTOMATIC STAY
CREDITORS' COMMITTEE AND OTHER COMMITTEES
CONTINUED OPERATION OF THE BUSINESS - DEBTOR-IN-POSSESSION
MEETING OF CREDITORS
CHAPTER 11 TRUSTEE
EXAMINER
CONVERSION OR DISMISSAL OF THE CASE
REORGANISATION PLAN: FORMULATION
DISCLOSURE STATEMENT
PLAN SOLICITATION AND CLASS ACCEPTANCE
MODIFICATIONS OF THE PLAN
CONFIRMATION OF THE PLAN
THE EFFECT OF CONFIRMATION
CONCLUSION
209
209
210
211
212
214
214
215
216
218
221
221
222
222
223
225
226
226
227
231
231
CHAPTER 12: UNITED STATES PREPACKAGED CHAPTER 11 CASES
INTRODUCTION: WHY A PREPACKAGED CASE?
TYPES OF PREPACKAGED CASES
232
232
233
XI
CONTENTS
THE PREPACKAGED PROCESS
STRATEGIC CONSIDERATIONS
PRE-NEGOTIATED CASES
STATUTORY BASES FOR PREPACKAGED CASES
RECENT TRENDS
CONCLUSION
CHAPTER 13: CROSS-BORDER INSOLVENCY AND BANKRUPTCY: CONCEPTS,
CONVENTIONS AND CASE STUDIES
INTRODUCTION
FUNDAMENTAL CONCEPTS IN CROSS-BORDER INSOLVENCIES
INTERNATIONAL TREATIES AND CONVENTIONS
ADMINISTRATION OF CROSS-BORDER INSOLVENCY PROCEEDINGS
CASE STUDIES IN CROSS-BORDER INSOLVENCIES
CONCLUSION
CHAPTER 14: ANCILLARY PROCEEDINGS UNDER THE UNITED STATES
BANKRUPTCY CODE
INTRODUCTION TO ANCILLARY PROCEEDINGS
STATUTORY PROVISIONS DEALING WITH ANCILLARY PROCEEDINGS
COMMENCEMENT OF PROCEEDINGS
OPPOSITION BY A PARTY IN INTEREST
INJUNCTIVE RELIEF
THE TURNOVER OF ASSETS
STANDARDS FOR RELIEF
CHOICE OF LAW
ABSTENTION
LIMITED APPEARANCE
CONCLUSION
234
236
237
239
243
244
246
246
246
251
254
261
265
267
267
268
272
275
276
278
279
283
284
285
286
CHAPTER 15: UNITED STATES SECURITIES LAWS AFFECTING CROSS-BORDER
DEBT RESTRUCTURINGS 288
INTRODUCTION 288
VOLUNTARY DEBT RESTRUCTURINGS GENERALLY 289
EXCHANGE OFFERS 291
TENDER OFFERS 309
CONSENT SOLICITATIONS 314
CONCLUSION 316
CHAPTER 16: SOVEREIGN DEBT RESTRUCTURINGS 317
INTRODUCTION 317
THE FOUNDATION OF SOVEREIGN DEBT RESTRUCTURINGS 317
XII
CONTENTS
FROM THE GUNBOATS TO THE COURTS
RESTRUCTURING SOVEREIGN DEBT IN THE BRETTON WOODS ERA
CONCLUSION
318
321
328
CHAPTER 17: COLLECTIVE ACTION CLAUSES AND WORKOUTS 333
INTRODUCTION 333
INTERNATIONAL SOVEREIGN BONDS 333
COLLECTIVE ACTION CLAUSES - TYPES AND CHARACTERISTICS 335
LEGAL CONSTRAINTS ON THE USE OF COLLECTIVE DECISION-MAKING PROVISIONS
341
REPORT OF THE GROUP OF TEN WORKING GROUP ON CONTRACTUAL CLAUSES 342
RECENT PROGRESS 343
CONCLUSION 347
CHAPTER 18: RESTRUCTURING PROJECT FINANCE TRANSACTIONS 349
INTRODUCTION 349
WHAT IS PROJECT FINANCE? 349
PROJECT FINANCE TRANSACTIONS IN DISTRESS 353
LENDER REMEDIES: ALTERNATIVES TO RESTRUCTURING 356
RESTRUCTURING PROJECT FINANCINGS: "NON-FINANCIAL" RESTRUCTURING 360
RESTRUCTURING PROJECT FINANCINGS: FINANCIAL RESTRUCTURING 362
INTERCREDITOR ISSUES 365
CONCLUSION 367
CHAPTER 19: POLITICAL RISK INSURANCE AND PROJECT WORKOUTS
INTRODUCTION
BACKGROUND
LESSONS FROM WORKOUTS
LESSONS FROM CLAIMS
CONCLUSION
368
368
368
374
380
383
PART III: CASE STUDIES ON WORKOUTS
CHAPTER 20: THE LONDON APPROACH, AND THE EAST ASIAN AND
ARGENTINE FINANCIAL CRISES EXPERIENCES
THE EAST ASIAN CRISES
THE ARGENTINE APPROACH
385
387
387
394
CHAPTER 21: A CENTRAL EUROPE CASE STUDY: NOVA HUT' A.S.
INTRODUCTION
THE ONSET OF THE FINANCIAL CRISIS
THE RESTRUCTURING
THE UNEXPECTED OUTCOME
397
397
399
400
403
XLLL
CONTENTS
CONCLUSION
LESSONS LEARNED
406
407
CHAPTER 22: A LATIN AMERICAN CASE STUDY: GALICIA RESTRUCTURING 408
INTRODUCTION 408
GOVERNMENT AND JUDICIAL ACTIONS AFFECTING THE BANKING SYSTEM 412
IMPACT ON BANCO GALICIA 413
ROLE OF REGULATORS 415
GALICIA CAPITALISATION AND LIQUIDITY PLAN
("PLAN GALICIA DE CAPITALIZATION Y LIQUIDEZ") 415
ROLE OF THE STEERING COMMITTEE 416
THE PLAYERS 417
OBJECTIVES OF THE RESTRUCTURING 417
FINANCIAL CONSTRAINTS 418
PRINCIPLES FOR THE RESTRUCTURING 419
STRUCTURE OF THE OFFER 420
SUMMARY RESULTS 422
RISK FACTORS 423
CONCLUSION: CHALLENGES AND LESSONS LEARNED 424
CHAPTER 23: AN EASTERN EUROPE CASE STUDY: THE PLK BANK CASE 427
INTRODUCTION 427
PLK BACKGROUND AND FINANCIAL INFORMATION 427
CAUSES AND NATURE OF FINANCIAL DISTRESS OF PLK 428
RESTRUCTURING OF PLK 428
CONCLUSIONS AND LESSONS LEARNED 437
CHAPTER 24: AN ASIAN RESTRUCTURING CASE STUDY
FACTUAL OVERVIEW
FINANCING STRUCTURE
FIRST DEBT MORATORIUM
RESTRUCTURING PROCESS
RESTRUCTURING PLAN
CONCLUSION - THE GROUP'S REPUDIATION OF THE AGREED PLAN
LESSONS LEARNED
438
438
439
440
442
443
447
447
XIV |
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| id | DE-604.BV023302620 |
| illustrated | Not Illustrated |
| index_date | 2024-07-02T20:47:18Z |
| indexdate | 2024-07-09T21:15:22Z |
| institution | BVB |
| isbn | 1843741946 |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-016487108 |
| oclc_num | 61136942 |
| open_access_boolean | |
| owner | DE-19 DE-BY-UBM |
| owner_facet | DE-19 DE-BY-UBM |
| physical | XXXIII, 448 S. |
| publishDate | 2005 |
| publishDateSearch | 2005 |
| publishDateSort | 2005 |
| publisher | Euromoney Books |
| record_format | marc |
| spelling | Buljevich, Esteban C. Verfasser aut Cross-border debt restructurings innovative approaches for creditors, corporates and sovereigns author and editor Esteban C. Buljevich London Euromoney Books 2005 XXXIII, 448 S. txt rdacontent n rdamedia nc rdacarrier Hervormingen gtt Schulden gtt Bankruptcy Corporate reorganizations Debt relief Debtor and creditor Debts, External International finance Payment SWB Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=016487108&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Buljevich, Esteban C. Cross-border debt restructurings innovative approaches for creditors, corporates and sovereigns Hervormingen gtt Schulden gtt Bankruptcy Corporate reorganizations Debt relief Debtor and creditor Debts, External International finance Payment |
| title | Cross-border debt restructurings innovative approaches for creditors, corporates and sovereigns |
| title_auth | Cross-border debt restructurings innovative approaches for creditors, corporates and sovereigns |
| title_exact_search | Cross-border debt restructurings innovative approaches for creditors, corporates and sovereigns |
| title_exact_search_txtP | Cross-border debt restructurings innovative approaches for creditors, corporates and sovereigns |
| title_full | Cross-border debt restructurings innovative approaches for creditors, corporates and sovereigns author and editor Esteban C. Buljevich |
| title_fullStr | Cross-border debt restructurings innovative approaches for creditors, corporates and sovereigns author and editor Esteban C. Buljevich |
| title_full_unstemmed | Cross-border debt restructurings innovative approaches for creditors, corporates and sovereigns author and editor Esteban C. Buljevich |
| title_short | Cross-border debt restructurings |
| title_sort | cross border debt restructurings innovative approaches for creditors corporates and sovereigns |
| title_sub | innovative approaches for creditors, corporates and sovereigns |
| topic | Hervormingen gtt Schulden gtt Bankruptcy Corporate reorganizations Debt relief Debtor and creditor Debts, External International finance Payment |
| topic_facet | Hervormingen Schulden Bankruptcy Corporate reorganizations Debt relief Debtor and creditor Debts, External International finance Payment |
| url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=016487108&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
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