Tag: restructuring

Sovereign Debt Restructuring

Unfortunately, the worldwide debate has been, as up to now, unnecessarily polarized, giving rise to misconstrued fears of a multilateral legal framework on debt restructuring processes. A course of lacking inclusiveness would challenge the legitimacy of the result of the process. This Ad Hoc Committee is probably the intergovernmental...

Loan Restructuring

In this manner, the “Shanghai Model” and the “Shanghai Club” could turn out to be an essential part of the worldwide sovereign debt market. It is hoped that a authorized framework might address the above limitations of the contractual method and contribute to de-stigmatizing debt restructuring, make it extra...

Authorized Framework For Debt Restructuring Course Of

All stakeholders should take part on this course of, developed and growing nations alike. It is hoped the IMF, the regional financial commissions, the Paris Club, the non-public sector and the civil society all adopt an attractive attitude. Only so can all their issues be considered within the course...

Sovereign Debt Restructuring

CCAA filings have been created by the Companies’ Creditors Arrangement Act, a bit of legislation first put ahead and handed in 1933 and updated later in 1985. A CCAA submitting permits a Canadian firm to have a window in time during which they can renegotiate and reorganize their debt...

Glencore Opens Talks With Chad Over Debt Restructuring

Interestingly, a recent IMF Survey on the topic exhibits that, excluding some cases , holdouts and litigation have not been as pervasive as expected in latest sovereign debt restructurings4. In offering my reflections on the subject, I suggest to touch upon the altering characteristics of sovereign debt crises, as...