shows how several ways in which the actual world of international lending departs from these conditions give both lenders … and borrowers ample reason to care whether nonperforming debts are restructured. One implication of the way in which debt … argument is moral hazard, but (unlike in much of the recent literature of emerging market debt problems) what is central here …

shows how several ways in which the actual world of international lending departs from these conditions give both lenders … and borrowers ample reason to care whether nonperforming debts are restructured. One implication of the way in which debt … argument is moral hazard, but (unlike in much of the recent literature of emerging market debt problems) what is central here …

different mechanisms exist which can be used to restructure the debt of distressed companies. The purpose of this paper is to … assess the debt restructuring mechanisms currently available to companies in English law and to consider whether reform is … needed. There have been a number of calls for the reform of English debt restructuring mechanisms in recent years, most …

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 …

system for debt restructuring and insolvency more generally; (iii) a blurring of the boundary between restructuring and … insolvency; and (iv) a more complex cross-border regime. In combination these amount to a seismic shift in the UK debt …UK debt restructuring is undergoing a period of immense change. Two developments in particular have contributed to this …