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Debt restructuring

Olivares-Caminal, Rodrigo, Kornberg, Alan, Paterson, Sarah, Douglas, John, Guynn, Randall and Singh, Dalvinder (2016) Debt restructuring. , 2nd Oxford University Press, Oxford, UK. ISBN 9780198725244

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Abstract

The new second edition of Debt Restructuring provides detailed legal analysis of international corporate, banking, and sovereign debt restructuring, from the perspective of both creditors and debtors. It sets out practical guidance to help practitioners, policy-makers and academics to understand current developments in debt restructuring, and provides solutions for creditors holding distressed debt and debtor options in a distressed scenario. The Corporate Debt section includes a number of very significant changes such as the UK Supreme Court decision in Eurosail and the disapproval of the "point of no return" test for balance sheet insolvency or the endorsement of the Cheyne Finance decision on cashflow. The changes in treatment of schemes of arrangement since with the decision in Rodenstock are reflected as are the Recast European Insolvency Regulation (EIR) and the Supreme Court decision in Rubin. In the US chapter the new edition considers the limitations on bankruptcy court jurisdiction in Stern v. Marshall and, in the RadLax case, the right of secured creditors to credit bid in a sale of their collateral under a chapter 11 plan. Other significant case law includes consideration of the various safe harbour provisions of the Bankruptcy Code relating to derivative and other financial instruments and cases concerning the effect of foreign court orders in the US...

Item Type: Book
Official URL: https://global.oup.com
Additional Information: © 2016 Oxford University Press
Divisions: Law
Subjects: H Social Sciences > HG Finance
K Law > K Law (General)
Sets: Departments > Law
Date Deposited: 07 Sep 2017 08:25
Last Modified: 26 May 2020 23:17
URI: http://eprints.lse.ac.uk/id/eprint/84183

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