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Debtor-in-Possession Financing in Reorganisation Procedures: Regulatory Models and Proposals for Reform

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Bibliographic Details
Main Author: Gurrea-Martinez, Aurelio
Format: Book
Language:English
Published: Springer 2023
Subjects:
‘DIP’
Proposals for Reform
Online Access:https://link.springer.com/article/10.1007/s40804-023-00289-z
https://dlib.phenikaa-uni.edu.vn/handle/PNK/9090
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spelling oai:localhost:PNK-90902023-09-18T09:29:08Z Debtor-in-Possession Financing in Reorganisation Procedures: Regulatory Models and Proposals for Reform Gurrea-Martinez, Aurelio ‘DIP’ Proposals for Reform CC-BY A situation of insolvency hinders a firm’s ability to obtain external finance. As a result, viable but financially distressed firms might be unable to keep operating and pursuing value-creating investment projects. Consequently, value can be destroyed for debtors, creditors, employees, suppliers and society as a whole. To address this problem, several jurisdictions around the world have adopted a system of rescue or debtor-in-possession (‘DIP’) financing that seeks to encourage lenders to extend credit to viable but financially distressed firms. They do so by providing DIP lenders with different forms of priority that typically range from a basic administrative expense priority to the possibility of becoming a junior or, in some jurisdictions, even a senior secured creditor. After analysing the regulatory framework of DIP financing in more than 30 jurisdictions in Asia, Latin America, Europe, Africa and North America, this article shows that there are many similarities in the regulation of DIP financing around the world. 2023-09-18T09:29:08Z 2023-09-18T09:29:08Z 2023 Book https://link.springer.com/article/10.1007/s40804-023-00289-z https://dlib.phenikaa-uni.edu.vn/handle/PNK/9090 en application/pdf Springer
institution Digital Phenikaa
collection Digital Phenikaa
language English
topic ‘DIP’
Proposals for Reform
spellingShingle ‘DIP’
Proposals for Reform
Gurrea-Martinez, Aurelio
Debtor-in-Possession Financing in Reorganisation Procedures: Regulatory Models and Proposals for Reform
description CC-BY
format Book
author Gurrea-Martinez, Aurelio
author_facet Gurrea-Martinez, Aurelio
author_sort Gurrea-Martinez, Aurelio
title Debtor-in-Possession Financing in Reorganisation Procedures: Regulatory Models and Proposals for Reform
title_short Debtor-in-Possession Financing in Reorganisation Procedures: Regulatory Models and Proposals for Reform
title_full Debtor-in-Possession Financing in Reorganisation Procedures: Regulatory Models and Proposals for Reform
title_fullStr Debtor-in-Possession Financing in Reorganisation Procedures: Regulatory Models and Proposals for Reform
title_full_unstemmed Debtor-in-Possession Financing in Reorganisation Procedures: Regulatory Models and Proposals for Reform
title_sort debtor-in-possession financing in reorganisation procedures: regulatory models and proposals for reform
publisher Springer
publishDate 2023
url https://link.springer.com/article/10.1007/s40804-023-00289-z
https://dlib.phenikaa-uni.edu.vn/handle/PNK/9090
_version_ 1779307154169135104
score 8.881002

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