Reviewing the Process for Sovereign Debt Restructuring Within the Existing Legal Framework

Reviewing the Process for Sovereign Debt Restructuring Within the Existing Legal Framework PDF Author: International Monetary Fund. Policy Development and Review Dept.
Publisher: International Monetary Fund
ISBN: 1498329233
Category : Business & Economics
Languages : en
Pages : 37

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Book Description
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Progress Report to the International Monetary and Financial Committee on Crisis Resolution

Progress Report to the International Monetary and Financial Committee on Crisis Resolution PDF Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1498331580
Category : Business & Economics
Languages : en
Pages : 31

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Progress in Intercalation Research

Progress in Intercalation Research PDF Author: H.W. de Jong
Publisher: Springer Science & Business Media
ISBN: 9780792321606
Category : Business & Economics
Languages : en
Pages : 450

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Book Description
If a book needs a third edition, because the previous ones are sold out, one may well question whether an introduction is necessary. However, the Structure of European Industry was meant to be a flexible book, keeping it in tune with actual developments in the European Community. Some explanation is therefore required. Two new chapters on the services industry have been included, to recognize the growing importance of what is fundamentally a bundle of industries. It is also increasingly acknowledged, that the motorcar industry, for its efficiency and innovativeness, is very much dependent on the numerous suppliers, large and small, of the component parts industry. A chapter, reflecting on the strengths and weaknesses of the European car supplying industries is therefore most welcome. Finally, European competition policy, now fitted out with the Merger Control Regulation is moving more and more towards the centre of stage and the final chapter presents a survey of the ~ims and achievements of this type of policy, up till now steadfastly developed by the EC Commission. For the rest, the chapters which were already in the previous edition, have been updated and have partly been rewritten by the authors concerned. The editor is most grateful to old and new contributors for their efforts to jointly produce a book which, after 12 years, is still unique in providing a European, instead of a national focus on industries and markets.

Multifamily housing progress made in establishing HUD's Office of Multifamily Housing Assistance Restructuring : report to congressional committees

Multifamily housing progress made in establishing HUD's Office of Multifamily Housing Assistance Restructuring : report to congressional committees PDF Author:
Publisher: DIANE Publishing
ISBN: 1428976590
Category :
Languages : en
Pages : 46

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Book Description


Financial Market Restructuring in Selected Central European Countries

Financial Market Restructuring in Selected Central European Countries PDF Author: Karen S. Vorst
Publisher: Routledge
ISBN: 042985336X
Category : Business & Economics
Languages : en
Pages : 219

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Book Description
Published in 1998, this book provides detailed information on the financial markets in selected Central European transitioning economies. The independent countries selected for study in the text are Poland, Hungary, the Czech Republic and the Slovak Republic. The former East Germany is also include due to its proximity to the above countries and its unique experience in the transition process. Each country's section of the book contains articles written by professionals in the selected country. These individuals are economists, central bankers and/or analysts who have first-hand knowledge of the financial system. Each section details: the development in the banking sector plus the role of the central bank and the government in guiding the economy toward the market system; discuses the emerging capital markets and the ongoing process of privatization; and provides an update of the economic progress toward a market system that has been achieved since 1989.

Syndicated Lending 7th edition

Syndicated Lending 7th edition PDF Author: Mark Campbell
Publisher: Harriman House Limited
ISBN: 0857196839
Category : Business & Economics
Languages : en
Pages : 615

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Book Description
This fully revised, updated and expanded edition of the industry standard text takes the reader through the complete life cycle of a syndicated loan. Beginning with the opening phase of mandating a lead bank, Syndicated Lending delves through negotiation, documentation, syndication and closing transactions to conclude with the secondary market. This seventh edition includes new supplements dealing with: • regional syndicated loan markets • growing regulatory framework • the influence of Brexit on the market • the challenges thrown up by the transition from LIBOR-based pricing to the proposed risk-free rate environment. The practice of syndicated lending is similarly explored in its historical context, by following the ups and downs of this most flexible, and enduring, financial market. Plus, while the market moves toward digitisation, summaries are provided for the leading technology solutions being developed. With practical explanations, reflecting practices developed by the LMA, from borrowers, bankers and investors, this book offers insight from industry professionals with decades of experience as well as detailed examples of pricing methodology. There is also an up-to-date discussion of documentary issues, including annotated term sheets and loan documents, contributed by Clifford Chance. This is the essential guide to the commercial and documentary aspects of syndicated lending for lenders, borrowers, investors, lawyers, regulators and service providers.

Restructuring the FHA-insured and Assisted Multifamily Housing Portfolio

Restructuring the FHA-insured and Assisted Multifamily Housing Portfolio PDF Author: United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs. Subcommittee on Housing Opportunity and Community Development
Publisher:
ISBN:
Category : Political Science
Languages : en
Pages : 200

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Book Description


Handbook on Restructuring and Substantial School Improvement

Handbook on Restructuring and Substantial School Improvement PDF Author: Herbert J. Walberg
Publisher: IAP
ISBN: 1607526522
Category : Education
Languages : en
Pages : 134

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Book Description
(Published in cooperation with The Center on Innovation & Improvement) As suggested by the title, the purpose of this Handbook on Restructuring and Substantial School Improvement is to provide principles for restructuring and substantially improving schools. Sponsored by the U.S. Department of Education, the Center on Innovation & Improvement (CII) engaged leading experts on restructuring and school improvement to prepare modules for this handbook to assist states, districts, and schools in establishing policies, procedures, and support to successfully restructure schools. The Handbook is organized into three sections. The topic of the Handbook’s modules – restructuring with a focus on the district as the impetus for dramatic improvement – is relatively new in the nation’s education history. For this reason, the module authors were selected because they are highly experienced experts in their fields and can be counted on to judiciously weigh the less than definitive evidence and to state useful guiding principles.

Progress Report on Inclusion of Enhanced Contractual Provisions in International Sovereign Bond Contracts

Progress Report on Inclusion of Enhanced Contractual Provisions in International Sovereign Bond Contracts PDF Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1498344216
Category : Business & Economics
Languages : en
Pages : 21

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Book Description
As part of the Fund’s ongoing work on sovereign debt restructuring, in October 2014 the Executive Board endorsed the inclusion of key features of enhanced pari passu provisions and collective action clauses (CACs) in new international sovereign bonds.1 Specifically, the Executive Board endorsed the use of: (i) a modified pari passu clause that explicitly excludes the obligation to effect ratable payments and (ii) an enhanced CAC with a menu of voting procedures, including a “single-limb” voting procedure that enables bonds to be restructured on the basis of a single vote across all affected instruments, a two-limb aggregated voting procedure and a series-by-series voting procedure.

Out of Court Debt Restructuring

Out of Court Debt Restructuring PDF Author: The World Bank
Publisher: World Bank Publications
ISBN: 0821389564
Category : Law
Languages : en
Pages : 103

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Book Description
This study provides a conceptual framework for the analysis of the questions of out-of-court debt restructuring from a policy-oriented perspective. The starting point of the analysis is given by the World Bank Principles for Effective Insolvency and Creditor Rights Systems. The study offers an overview of out-of-court restructuring, which is not seen as fundamentally opposed to formal insolvency procedures. Actually, the study contemplates different restructuring techniques as forming a continuum to the treatment of financial difficulties. Thus, from the purely contractual or informal arrangements for debt rescheduling between the debtor and its creditors, to the fully formal reorganization or liquidation procedures, there are numerous intermediate solutions. In the study, these solutions are identified by the terms of enhanced procedures where the contractual arrangements are supported by norms or principles for workouts; and hybrid procedures where the contractual arrangements are supported by the intervention of the courts or an administrative authority. The study discusses the advantages and disadvantages of all the debt restructuring techniques, and concludes, in this regard, that a legal system may contain a number of options a menu that can cover different sets of circumstances. In the end, the law may offer a toolbox with very different instruments that the parties may use depending on the specific facts of the case. A substantial part of the study is devoted to the analysis of the enabling regulatory environment for out-of-court restructuring. It is evident that debt restructuring does not operate in a vacuum: in fact, the general legal system influences and to a certain extent determines the possibilities for debt restructuring in any given jurisdiction. The study provides a checklist that can be used to examine the features of a legal system that bear a direct influence on debt restructuring activities. The different characteristics of informal restructurings, and of enhanced and hybrid debt restructurings are covered by the study. The different approaches to debt restructuring aim at combining the advantages of an informal approach with the advantages of formal procedures: especially, the existence of a moratorium on creditor actions and the binding effects of creditor agreements concluded within the insolvency process.