Intercreditor Equity in Sovereign Debt Restructurings Book [PDF] Download

• Publisher : Oxford University Press
• File Size : 54,5 Mb
• Release Date : 23 February 2023

The question of intercreditor equity is one of the most contentious issues in debt restructuring, both historically and today. Intercreditor Equity in Sovereign Debt Restructuring maps and establishes the content

• Publisher : INTERNATIONAL MONETARY FUND
• File Size : 37,5 Mb
• Release Date : 01 September 2004

Intercreditor equity represents one of the main objectives of bankruptcy proceedings. Yet, recent restructurings of sovereign debt suggest that violation of intercreditor equity is common. While existing contractual provisions, and

• Publisher : International Monetary Fund
• File Size : 42,6 Mb
• Release Date : 16 April 2002

In recent years there has been extensive discussion inside and outside the IMF on the need to develop a new approach to sovereign debt restructuring. Exploring ways to improve the

• Publisher : International Monetary Fund
• File Size : 42,8 Mb
• Release Date : 26 April 2013

his paper reviews the recent application of the Fund’s policies and practices on sovereign debt restructuring. Specifically, the paper: • recaps in a holistic manner the various policies and practices

• Publisher : International Monetary Fund
• File Size : 24,8 Mb
• Release Date : 01 August 2007

In an environment characterized by weak contractual enforcement, sovereign lenders can enhance the likelihood of repayment by making their claims more difficult to restructure ex post. We show however, that

• Publisher : International Monetary Fund
• File Size : 24,7 Mb
• Release Date : 22 July 2016

This paper studies the effect of sovereign debt restructurings with external private creditors on growth during the period 1970-2010. We find that there are bad and good (or not so

• Publisher : International Monetary Fund
• File Size : 48,6 Mb
• Release Date : 23 June 2023

The guidance note sets out principles governing information sharing in the context of sovereign debt restructurings. It restates the existing Fund governance and policy guidelines for information sharing to help

• Publisher : International Monetary Fund
• File Size : 47,7 Mb
• Release Date : 02 December 2003

This paper follows up on the Executive Board’s December 2002 discussion of the design of the Sovereign Debt Restructuring Mechanism and seeks to make further progress on the formulation of

• Publisher : International Monetary Fund
• File Size : 47,7 Mb
• Release Date : 01 January 2003

This paper provides an overview of key elements of Corporate Bankruptcy Codes and Practice around the world that are relevant to the debate on Sovereign Debt Restructuring. It highlights four

• Publisher : International Monetary Fund
• File Size : 42,6 Mb
• Release Date : 01 November 2011

Contrary to widespread expectation, debt renegotiations in the era of bond finance have generally been quick and involved little litigation. We present a model that rationalizes the initial fears and