Beschreibung:
Corporate debt restructurings in the emerging markets have always presented special challenges. Today, as the global economy emerges from the COVID-19 pandemic and businesses look to pick up the pieces, this is even more true. For many, the financial hangover of the lockdowns and market disruptions linger and threaten their independence, even their survival. This peril is more acute in the emerging and frontier markets. Weaker economic fundamentals and institutional resiliency often intensify the challenge to return to pre-COVID-19 operating levels and financial sustainability. In this context, borrowers invariably must address the imbalance of substantial existing debt with the "new reality" of their business operations and revenues.
Part I:- Opening Narrative.- 1:-A Restructuring Tale - The Bank of Commerce.- Part II :-The Restructuring Process.- 2:-Purpose and Structure of the Book.- 3:-Main Phases and Principles of a Restructuring.- 4:-Pre-Restructuring.- 5:-Decision to Restructure.- 6:-Case Set-up.- 7:-Structuring and Negotiation.- 8:-Implementation.- Part III :-Acts of God and Other Exogenous Events.- 9:-A Practical Approach to Exogenous Events.- Part IV:- Reference Toolkit.- 10:-Macroeconomics and Credit Analysis.- 11:-Legal Issues in Restructurings.- Part V :-Conclusion.- 12:-Closing Thoughts.