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secured and unsecured creditors. Enforcement proceedings using executory instruments take 1 to 3 years, whereas creditors not …, however, is 2 to 3 years. The Insolvency Law also governs judicial reorganization proceedings but classification of creditors … majority of creditors were able to be converted into prepackaged restructuring plans that bind dissenting minorities. The …
Persistent link: https://www.econbiz.de/10012559372
respect to distressed assets. Policy recommendations include: creditors rights and enforcement areas, some fine tuning is …
Persistent link: https://www.econbiz.de/10012559382
filed under the new law, which a growing consensus of stakeholders consider to be unworkable and unfavorable to creditors …
Persistent link: https://www.econbiz.de/10012558915
corporate recovery practices with respect to distressed assets. Policy recommendations on Creditors' rights and enforcement … creditors' rights should be reduced, and in many cases eliminated. Debtor's rights can be protected through summary proceedings … should be effective from the time of filing the petition, and the stay on secured creditors counter-balanced by safeguards to …
Persistent link: https://www.econbiz.de/10012558927
In 1995, Argentina enacted a new modern insolvency law that substantially improved corporate liquidations and rehabilitations. After almost seven years of experience, some legal and institutional weaknesses persist: (1) corporate workouts are difficult in practice; (2) the unified insolvency...
Persistent link: https://www.econbiz.de/10012558948
"Freund and Ozden provide new survey evidence showing that loss aversion and reference dependence are important in shaping people's perception of trade policy. Under the assumption that agents' welfare functions exhibit these behavioral elements, they analyze a model with a welfare-maximizing...
Persistent link: https://www.econbiz.de/10010522949