Resolution of Financial Distress: An International Perspective on the Design of Bankruptcy Laws

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Stijn Claessens, Simeon Djankov, Ashoka Mody
World Bank Publications, 1 янв. 2001 г. - Всего страниц: 390
This book focuses on the principles of and practical approaches to addressing the public policy trade-off involved in systemic corporate and financial sector crises and the lessons learned from the changes taking place in bankruptcy frameworks around the world. It includes research on recent public policy initiatives for distress resolution or market-based restructuring.

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Стр. 172 - To aid in financing agriculture, commerce, and industry, including facilitating the exportation of agricultural and other products the corporation is authorized and empowered to make loans, upon such terms and conditions not inconsistent with this act as it may determine, to any bank, savings bank, trust company, building and loan association, insurance company, mortgage loan company, credit union, Federal land bank, joint-stock land bank, Federal intermediate credit bank, agricultural credit corporation,...
Стр. 194 - For the purpose of maintaining and increasing the employment of labor, when credit at prevailing bank rates for the character of loans applied for is not otherwise available at banks...
Стр. 88 - Assessment of the law and order tradition in the country produced by the country-risk rating agency International Country Risk (ICR). Average of the months of April and October of the monthly index between 1982 and 1995. Scale from 0 to 10, with lower scores for less tradition for law and order. (We changed the scale from its original range of 0 to 6.) ICR's assessment of corruption in government.
Стр. 88 - Index created by examining and rating companies' 1990 annual reports on their inclusion or omission of 90 items. These items fall into seven categories (general information, income statements, balance sheets, funds flow statement, accounting standards, stock data, and special items).
Стр. 180 - New York Central, New York, Chicago & St. Louis, New York, New Haven & Hartford...
Стр. 87 - The index is formed by adding 1 when (1) the country imposes restrictions, such as creditors' consent or minimum dividends to file for reorganization; (2) secured creditors are able to gain possession of their security once the reorganization petition has been approved (no automatic stay); (3) secured creditors are ranked first in the distribution of the proceeds that result from the disposition of the assets of a bankrupt firm; and (4) the debtor does not retain the administration of its property...
Стр. 179 - ... when in the opinion of the board of directors of the corporation such railroads or railways are unable to obtain funds upon reasonable terms through banking channels or from the general public and the corporation will be adequately secured...
Стр. 87 - Equals 1 if secured creditors are ranked first in the distribution of the proceeds that result from the disposition of the assets of a bankrupt firm. Equals 0 if non-secured creditors, such as the government and workers, are given absolute priority. Equals...
Стр. 43 - Optimal design of bank bailouts: The case of transition economies.
Стр. 194 - An established business Unable to obtain requisite financial assistance on a reasonable basis from usual sources For working capital Not over 5 years "On reasonable and sound basis...

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