International Cash Pooling

International Cash Pooling PDF Author: Justus Jansen
Publisher: Walter de Gruyter
ISBN: 3866539495
Category : Law
Languages : en
Pages : 309

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Book Description

International Cash Pooling

International Cash Pooling PDF Author: Justus Jansen
Publisher: Walter de Gruyter
ISBN: 3866539495
Category : Law
Languages : en
Pages : 309

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Book Description


Cash Pooling and Insolvency

Cash Pooling and Insolvency PDF Author: Marcel Willems
Publisher:
ISBN: 9781911078166
Category : Business & Economics
Languages : en
Pages : 0

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Book Description
The first edition of this book was very well received. Since then, there have been a number of reasons to update the information it contains: new case law, new national legislation and recent EU initiatives. Furthermore, chapters on Estonia, Latvia and Lithuania have been added to the already impressive number of jurisdictions covered.

The Case of Cash-pooling in European Corporate Group Law

The Case of Cash-pooling in European Corporate Group Law PDF Author: Pablo Javier Marina Rosado
Publisher:
ISBN:
Category : Corporation law
Languages : en
Pages : 0

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Book Description
The main contribution of this thesis is the study of the mechanisms and alternatives for regulation of the cash-pooling contract. Cash-pooling, or treasury centralization, is a well-established but still very understudied phenomenon in the arena of corporate groups, where group companies cooperate to fulfill the liquidity needs of each other. The interest of the phenomenon is that cash-pooling represents an alternative for the allocation of resources different than the market that is available only to group companies. Previous studies of the law of the corporate group have contemplated the rules that apply to the group phenomenon in broad terms, but have not addressed specific practices or arrangements. Attention to cash-pooling, therefore, adds to the literature on corporate groups, providing a more grounded view on how this sort of group relationship develops, and whether corporate and insolvency law are equipped to deal with the challenges that it poses. The thesis is divided into four chapters. In the first chapter, the current state of the discussion about corporate groups is addressed. Corporate groups are back on the agenda of the European Commission, but the lack of attention to specific group transactions such as cash-pooling and the loose proposals that are being made are hindering the way forward. In the second chapter, the efficiency and legal architecture of cash-pooling are considered. Cash-pooling can be an efficient contract because it allows the group to work as an organization while each of the group companies maintains their legal personality. This chapter aims at explaining the (to date) mostly understudied clauses of the contract, and showing how cash-pooling differs from any other organizational capital market. In the third and fourth chapters, cash-pooling will be studied through the lens of corporate law. The main challenge of the cash-pooling contract for corporate law is the conflict of interest the parent company incurs because it is on both sides of the transaction. This chapter aims at identifying this source of opportunism and makes a proposal for regulation in light of the specific features of the contract. Finally, the last chapter discusses the risk that the cash-pooling contract poses for creditors of subsidiary companies within insolvency. Creditors at subsidiary companies face the risk that the insolvency of other group companies will be transferred to their credit claims through the wrong execution of cash-pooling.

Set-off Law and Practice

Set-off Law and Practice PDF Author: William Johnston
Publisher: Oxford University Press, USA
ISBN:
Category : Law
Languages : en
Pages : 568

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Book Description
Set-Off Law and Practice - An International Handbook , a joint project with the IBA, provides an invaluable guide to the application and practice of the rules of set-off in over 30 jurisdictions, spanning Europe, Asia and the US. The use of set-off as a mechanism for risk reduction in cross-border financial contracts has increased in recent years as market participants seek to reduce both operational risk (Herstatt Risk) and credit risk. For this reason, the enforceability of set-off both outside and within insolvency has become particularly relevant for market participants and their legal advisors. Written by leading practitioners from around the world, each chapter explains the principles of the rules of set-off in each of the jurisdictions concerned, followed by a case study illustrating the application of the law of set-off to a real-world problem. Including comparative tables showing how the different aspects of set-off are applied in each country, this work provides an at-a-glance port of call for banking and finance solicitors who wish to establish the pitfalls of set-off in any one of 31 jurisdictions.

Cash Pooling

Cash Pooling PDF Author: Sebastian Korts
Publisher:
ISBN: 9783800542789
Category :
Languages : de
Pages : 50

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Book Description


Corporate Insolvency Law

Corporate Insolvency Law PDF Author: Vanessa Finch
Publisher: Cambridge University Press
ISBN: 1107039916
Category : Business & Economics
Languages : en
Pages : 839

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Book Description
A new and substantially revised edition which looks critically at the broad effect and conceptual underpinnings of corporate insolvency law.

Set-Off Law and Practice

Set-Off Law and Practice PDF Author: William Johnston
Publisher: Oxford University Press
ISBN: 0192536516
Category : Law
Languages : en
Pages : 673

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Book Description
The third edition of this invaluable guide covers the application and practice of the law of set-off in over 30 jurisdictions spanning Europe, Asia and the Americas. Written by leading experts from around the word, each chapter explains the principles of the law of set-off in the jurisdiction concerned, and provides a comparative guide for banking and finance lawyers wishing to establish the pitfalls of set-off in a foreign jurisdiction For this new edition every chapter has been updated to contain new material specifically devoted to cross border aspects, including analysis of choice of law issues.. Fully updated legal analysis is also provided, with an emphasis on how set-off may be used as security and the application of insolvency set-off: taking into account new legal developments in the various jurisdictions and reflecting recent changes to legislation in the financial sector relating to bank and other financial firm resolution.

International Insolvency

International Insolvency PDF Author: J. William Boone
Publisher: Sweet & Maxwell
ISBN: 0414026942
Category : Business & Economics
Languages : en
Pages : 449

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Book Description
An essential reference guide for companies and legal professionals working in an increasingly globalized economy.This title offers you insight into the insolvency laws of 25 major worldwide jurisdictions.

International Bankruptcy

International Bankruptcy PDF Author: Jodie Adams Kirshner
Publisher: University of Chicago Press
ISBN: 022653202X
Category : Law
Languages : en
Pages : 274

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Book Description
With the growth of international business and the rise of companies with subsidiaries around the world, the question of where a company should file bankruptcy proceedings has become increasingly complicated. Today, most businesses are likely to have international trading partners, or to operate and hold assets in more than one country. To execute a corporate restructuring or liquidation under several different insolvency regimes at once is an enormous and expensive challenge. With International Bankruptcy, Jodie Adams Kirshner explores the issues involved in determining which courts should have jurisdiction and which laws should apply in addressing problems within. Kirshner brings together theory with the discussion of specific cases and legal developments to explore this developing area of law. Looking at the key issues that arise in cross-border proceedings, International Bankruptcy offers a guide to this legal environment. In addition, she explores how globalization has encouraged the creation of new legal practices that bypass national legal systems, such as the European Insolvency Framework and the Model Law on Cross-Border Insolvency of the United Nations Commission on International Trade Law. The traditional comparative law framework misses the nuances of these dynamics. Ultimately, Kirshner draws both positive and negative lessons about regulatory coordination in the hope of finding cleaner and more productive paths to wind down or rehabilitate failing international companies.

Cross-border Insolvency

Cross-border Insolvency PDF Author: Chan Ho Look
Publisher:
ISBN: 9781905783243
Category : Arbitration and award, International
Languages : en
Pages : 425

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Book Description
Written by specialists from each jurisdiction, this new edition provides an in-depth, article-by-article analysis of the local enactment and application of the model law in each of the jurisdictions concerned, alongside consideration of the relationship between the model law and any existing cross-border insolvency jurisprudence. Each chapter adopts the same format for ease of reference, addressing key concepts such as the centre of main interests, court-to-court communication, enforcement of security interests and the protection of debtors and creditors.