Insolvency Tourism Private And Corporate Debt Relief Through Insolvency Proceedings In The U K And Germany
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Insolvency Tourism Private And Corporate Debt Relief Through Insolvency Proceedings In The U K And Germany
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Author : Benjamin Klasczyk
language : en
Publisher: GRIN Verlag
Release Date : 2014-12-15
Insolvency Tourism Private And Corporate Debt Relief Through Insolvency Proceedings In The U K And Germany written by Benjamin Klasczyk and has been published by GRIN Verlag this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-12-15 with Business & Economics categories.
Essay from the year 2013 in the subject Business economics - Investment and Finance, grade: 1,3, The FOM University of Applied Sciences, Hamburg (FOM Berlin), course: International Investment and Controlling, language: English, abstract: Germany has a particular, uniform regulation for insolvency of natural and juristic persons, which is also realized similarly in other countries all over the world. Such regulations by law shall prevent an avalanche effect of single insolvent debtors affecting their creditors, who, furthermore, could again damage their creditors, causing a ripple effect throughout an economy. Although the collective settlement of the creditors’ claims is the focus of the insolvency regulation, debt relief of insolvent debtors is an attractive characteristic, especially for the insolvent debtors. Following a certain obligation time, debt relief gives insolvent debtors a chance to take part in businesses again, to be productive, and to contribute to progress and the gross national product. Thus, insolvency regulation is justified due to economic reasons. However, the debt relief has been discussed controversially, since it could also motivate the unreasonable use of debts. Whenever natural persons are directly liable and their personal assets are at risk, due diligence might be conducted more duteously and debts are only claimed in case they can be payed back. By contrast, insolvency, imminent illiquidity, or indebtedness might be promoted even more due to the second chance by debt relief. Moreover, a current trend of insolvency tourism indicates the attractiveness of the debt relief implementation. Since the process of debt relief takes a relatively long time in Germany, different agencies even advertise to order debt relief in the U.K., where the relief process only lasts one year. The present assignment introduces the basics, which facilitate insolvency tourism, and deals with the issue of its applicability to juristic persons.
The Insolvency Review
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Author : Donald S. Bernstein
language : en
Publisher:
Release Date : 2022
The Insolvency Review written by Donald S. Bernstein and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022 with Conflict of laws categories.
Corporate Liquidity And Solvency In Europe During Covid 19 The Role Of Policies
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Author : Mr.Christian H Ebeke
language : en
Publisher: International Monetary Fund
Release Date : 2021-03-02
Corporate Liquidity And Solvency In Europe During Covid 19 The Role Of Policies written by Mr.Christian H Ebeke and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-03-02 with Business & Economics categories.
The spread of COVID-19, containment measures, and general uncertainty led to a sharp reduction in activity in the first half of 2020. Europe was hit particularly hard—the economic contraction in 2020 is estimated to have been among the largest in the world—with potentially severe repercussions on its nonfinancial corporations. A wave of corporate bankruptcies would generate mass unemployment, and a loss of productive capacity and firm-specific human capital. With many SMEs in Europe relying primarily on the banking sector for external finance, stress in the corporate sector could easily translate into pressures in the banking system (Aiyar et al., forthcoming).
A Guide To Consumer Insolvency Proceedings In Europe
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Author : Thomas Kadner Graziano
language : en
Publisher: Edward Elgar Publishing
Release Date : 2019
A Guide To Consumer Insolvency Proceedings In Europe written by Thomas Kadner Graziano and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019 with Law categories.
Since the adoption of the EU Regulation on Insolvency Proceedings in 2000 and its recast in 2015, it has become clear that lawyers engaged in consumer insolvency proceedings are increasingly expected to have a basic understanding of foreign insolvency proceedings, as well as knowledge of the foreign country's court and legal system, legislation and judicial practice. Written by 50 highly qualified insolvency experts from 30 European countries, A Guide to Consumer Insolvency Proceedings in Europe provides the necessary information in the largest, most up-to-date and comprehensive book on this topic. Assisting the readers in their navigation through the differences, similarities, and peculiarities of insolvency proceedings in all Member States of the European Union, Switzerland and Russia, this book is a unique guide to insolvency proceedings across Europe. With contributions by both academics and practitioners, it provides truly multinational coverage of the economic, legal, social, political, and demographic issues in consumer insolvency. Illustrating the numerous practices across Europe, this book allows the reader to evaluate each aspect both on its own merits, as well as in comparison to the approaches applied in other European jurisdictions. This book will be an invaluable tool for insolvency practitioners, judges, lawyers, creditors and debtors throughout Europe, especially those participating in cross-border proceedings.
Global Waves Of Debt
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Author : M. Ayhan Kose
language : en
Publisher: World Bank Publications
Release Date : 2021-03-03
Global Waves Of Debt written by M. Ayhan Kose and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-03-03 with Business & Economics categories.
The global economy has experienced four waves of rapid debt accumulation over the past 50 years. The first three debt waves ended with financial crises in many emerging market and developing economies. During the current wave, which started in 2010, the increase in debt in these economies has already been larger, faster, and broader-based than in the previous three waves. Current low interest rates mitigate some of the risks associated with high debt. However, emerging market and developing economies are also confronted by weak growth prospects, mounting vulnerabilities, and elevated global risks. A menu of policy options is available to reduce the likelihood that the current debt wave will end in crisis and, if crises do take place, will alleviate their impact.
Sovereign Debt Restructurings 1950 2010
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Author : Mr.Udaibir S. Das
language : en
Publisher: International Monetary Fund
Release Date : 2012-08-01
Sovereign Debt Restructurings 1950 2010 written by Mr.Udaibir S. Das and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-08-01 with Business & Economics categories.
This paper provides a comprehensive survey of pertinent issues on sovereign debt restructurings, based on a newly constructed database. This is the first complete dataset of sovereign restructuring cases, covering the six decades from 1950–2010; it includes 186 debt exchanges with foreign banks and bondholders, and 447 bilateral debt agreements with the Paris Club. We present new stylized facts on the outcome and process of debt restructurings, including on the size of haircuts, creditor participation, and legal aspects. In addition, the paper summarizes the relevant empirical literature, analyzes recent restructuring episodes, and discusses ongoing debates on crisis resolution mechanisms, credit default swaps, and the role of collective action clauses.
Courting Failure
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Author : Lynn LoPucki
language : en
Publisher: University of Michigan Press
Release Date : 2006-02-14
Courting Failure written by Lynn LoPucki and has been published by University of Michigan Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006-02-14 with Business & Economics categories.
An eye-opening account of the widespread and systematic decay of America's bankruptcy courts
History Of Insolvency And Bankruptcy From An International Perspective
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Author : Karl Gratzer
language : en
Publisher:
Release Date : 2008
History Of Insolvency And Bankruptcy From An International Perspective written by Karl Gratzer and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008 with Bankruptcy categories.
European Insolvency Law
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Author : Gerard McCormack
language : en
Publisher: Edward Elgar Publishing
Release Date : 2017-01-27
European Insolvency Law written by Gerard McCormack and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-01-27 with Law categories.
Critically analysing the substantive law of insolvency in the EU countries as a whole, this book carries out horizontal cross-cutting analysis of the data gathered from a study of national insolvency laws. It selects particular areas for detailed discussion and considers the pros and cons of particular legislative solutions.
The Japanese Banking Crisis Of The 1990 S
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Author : Mr.Akihiro Kanaya
language : en
Publisher: International Monetary Fund
Release Date : 2000-01-01
The Japanese Banking Crisis Of The 1990 S written by Mr.Akihiro Kanaya and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2000-01-01 with Business & Economics categories.
For a large part of the past decade, Japan has witnessed a steady deterioration in the health of its banking system. This paper examines what went wrong and why it has taken so long for the system to recover. While the paper traces the roots of the crisis to accelerated deregulation and deepening of capital markets without an appropriate adjustment in the regulatory framework, it identifies weak corporate governance and regulatory forbearance as the two factors behind what might have been an unnecessary prolongation of the distress of the financial system.