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An Analysis of Argentina's 2001 Default Resolution
Guzman, Martin - 2016
Argentina's 2001 default was followed by a complex debt restructuring that included a long legal dispute with so-called “vulture funds” and other holdout creditors. The full resolution of the sovereign default took almost 15 years. This paper examines the whole restructuring process. It...
Persistent link: https://www.econbiz.de/10012980261
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Three Ages of Bankruptcy
Roe, Mark J. - 2017
During the past century, three decision-making systems have arisen to accomplish a bankruptcy restructuring—judicial administration, a deal among the firm's dominant players, and a sale of the firm's operations in their entirety. Each is embedded in the Bankruptcy Code today, with all having...
Persistent link: https://www.econbiz.de/10012967386
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Challenges that Franchisees of Insolvent Franchisors Pose for Liquidators
Buchan, Jenny - 2009
issues for insolvency law and policy. The current approach of Australian insolvency law of casting the franchisee as simply a … party to a contract fails to acknowledge the roles the franchisee occupies in the franchisor's business. How an insolvency … the franchisor's insolvency is examined and the nature and extent of their claims are identified. The responses of …
Persistent link: https://www.econbiz.de/10014214694
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Bankruptcy Reforms and Corporate Debt Structure
LIU, Xiaotian; Qi, Yaxuan; Wan, Wai Yee - 2022
A growing number of jurisdictions have adopted bankruptcy law reforms in the spirit of U.S. Chapter 11 to facilitate the restructuring of distressed corporate debt. This paper evaluates the impact of these reforms on firms' choice of debt structures. Using a difference-in-differences design...
Persistent link: https://www.econbiz.de/10014239445
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Towards an Objective European Rule on Transaction Avoidance in Insolvencies
de Weijs, Roelf Jakob - 2011
Following up on Insol Europe's Note ‘Harmonisation of Insolvency Law at EU level' (2010), this article provides a …
Persistent link: https://www.econbiz.de/10013126380
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On Contractual Defaults and Experimental Law and Economics
Tor, Avishalom - 2009
Sloof et al.'s [2006] elegant study of default breach remedies illustrates both the potential and limitations of experimental law and economics (ELE). Potentially, the rigorous methodology of experimental economics can provide fully controlled tests of relationships among legally significant...
Persistent link: https://www.econbiz.de/10014053730
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Case Note : Trust Funds, Ascertainability of Beneficial Interest and Insolvency Set-Off: Good Property Land Development Pte Ltd V Societe Generale [[1996] 2 SLR [Singapore Law Repo...
Lee, Eng Beng - 2005
To the growing list of recent significant cases on insolvency set-off may be added the decision of the Singapore Court …
Persistent link: https://www.econbiz.de/10014069354
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Bankruptcy Exemptions, Credit History, and the Mortgage Market
Elul, Ronel; Chomsisengphet, Souphala - 2019
We develop and test a model of mortgage underwriting, with particular reference to the role of credit bureau scores. In our model scores are used in a standardized fashion, which reflects the prevalence of automated underwriting in industry practice. We show that our model has implications for...
Persistent link: https://www.econbiz.de/10014069419
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Naïve consumers and financial mistakes
Exler, Florian; Hansak, Alexander - 2021 - Preliminary and Incomplete
mistakes. We develop a quantitative theory of unsecured credit and equilibrium default in a market with sophisticated and naïve …
Persistent link: https://www.econbiz.de/10013328047
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The Degree of Judicial Enforcement and Credit Markets : Evidence from Japanese Household Panel Data
Horioka, Charles Yuji - 2010
. Contrary to the predictions of the existing theory, we find that better judicial enforcement increases the probability of being …
Persistent link: https://www.econbiz.de/10013149663