Debtor-in-Possession Financing in Reorganisation Procedures: Regulatory Models and Proposals for Reform
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| Định dạng: | Sách |
| Ngôn ngữ: | English |
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Springer
2023
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| Truy cập trực tuyến: | https://link.springer.com/article/10.1007/s40804-023-00289-z https://dlib.phenikaa-uni.edu.vn/handle/PNK/9090 |
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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 |
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1779307154169135104 |
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8.887836 |