Corporate Restructuring: Lessons from Experience
Michael Pomerleano, William Shaw
World Bank, 2005 - Business & Economics - 382 pages
In the wake of the periodic financial crises of the late 1990s, the international financial institutions and many experts have recognized the need for a strategy to avoid and mitigate the severity of crises in the corporate sector. Addressing this problem requires the complementary efforts of policymakers, regulators, lawyers, insolvency experts, corporate restructuring specialists, and financiers.What are the roots of corporate distress? Can systemic corporate crises be predicted? What is the role of legal frameworks in preventing and coping with a crisis? What are the most effective financial techniques for dealing with distressed corporates? This timely volume takes a multidisciplinary perspective on corporate restructuring, and examines international experiences in dealing with corporate crises.
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agencies agreement analysis APP's Asian asset management companies balance sheet Bank Negara Malaysia Brazil cash flow CDRC chaebols collateral committee contingent claims approach corporate debt corporate reorganization corporate restructuring corporate restructuring vehicles corporate sector countries court creditor rights crises crisis Czech Republic Daewoo Danaharta debt restructuring debt-for-equity default distance to distress distress barrier EBITDA economic enterprises equity example exchange financial institutions financial restructuring financial sector Financial Supervisory Commission firms FOBAPROA foreign framework funds IBRA Indonesia industry insolvency interest rates International International Monetary Fund investment investors IRCJ KAMCO Korea liabilities liquidation London approach losses Malaysia Mexico million negotiations nonperforming loans note holders OpCo OpCo's operational restructuring option out-of-court workout percent ratio recapitalization recovery resolution resolve restructuring banker risk role secured creditors shareholders swaps Thailand tion transactions U.S. dollar unsecured World Bank