Cross-Boarder Debt Restructurings: innovative approaches for creditors, corporates and sovereigns

Erscheinungsjahr 2005
ISBN: 978-1-84374-194-7
Verlag: Euromoney

Buch, Englisch, 447 Seiten

Workouts are increasingly becoming a global reality and this book brings together 23 senior specialists from across the globe to provide a comprehensive discussion of out-of-court debt restructurings. The unique cohesion of legal, business, financial and accounting experience brought to together in this book provides the international workout practitioner with the tools to achieve a comprehensive understanding of the workout process.

Part 1 deals with the basics of debt restructurings and is intended to provide in-depth material (a manual) on the A to Zs of workouts for both beginners and well-seasoned practitioners. Topics covered include:

a description of the historical evolution of workout practices, principles and approaches from the origins of sovereign debt default to the launching of our new global approach to restructurings, including the workout decalogue;
an introduction to the subject of out-of-court debt restructurings;
an overview of the restructuring dilemma: out-of-court versus in-court solutions and middle-of-the-road alternatives;
an elaboration on the different stages, elements and aspects of the workout process;
an overview of the main financial analysis techniques used by workout professionals; and
a review of the main strategies, options and solutions used in current restructurings.

Part 2 deals with special topics on restructurings. Subject matters covered include:

an elaboration of various early warning signs of distress;
an overview of the United States Chapter 11 rules, prepackaged solutions and cross-border insolvency issues, including ancillary proceedings, all from the perspective of a global workout case;
a practical description of the main United States securities law issues related to exchanges, exit consents, tender offers and other securities law matters affecting the restructuring of international capital market instruments;
a narrative explanation of the historical evolution of sovereign debt restructurings;
an

Autoren/Hrsg.

Buljevich, Estaban C

Fachgebiete

• Wirtschaftswissenschaften Finanzsektor & Finanzdienstleistungen Unternehmensfinanzierung
• Wirtschaftswissenschaften Betriebswirtschaft Unternehmensfinanzen Finanzierung, Investition, Leasing
• Wirtschaftswissenschaften Finanzsektor & Finanzdienstleistungen Bankwirtschaft
• Wirtschaftswissenschaften Finanzsektor & Finanzdienstleistungen Finanzsektor & Finanzdienstleistungen: Allgemeines

Über Autor(innen)

Esteban C. Buljevich is a principal counsel in the legal department of the International Finance Corporation (IFC), a member of the World Bank Group. Since 2002, Mr. Buljevich has been working in the Buenos Aires office of the IFC and is a member of the Argentine Recovery Team. As such, he has been actively involved – as lead counsel and workout banker – in all recovery efforts of the IFC’s portfolio in Argentina, which amounted to approximately US$2 billion as at 2002.

Mr. Buljevich is a business lawyer with significant experience in workouts, project financing, mergers and acquisitions (M&A), banking and capital markets, securitisation and structure finance and private equity transactions on a global basis. Prior to becoming a member of the Argentine Recovery Team, Mr. Buljevich was active within IFC in new business transactions and restructuring work in Latin America, Eastern Europe and Asia. Before joining IFC in 1996, Mr. Buljevich worked in New York and Argentine law firms as well as in an Argentine conglomerate. He also served as a clerk for a Federal Criminal Court for the District of Buenos Aires. Mr. Buljevich holds a JD degree from the University of Buenos Aires (1989), an MBA from L’Ecole des Ponts et Chaussées of Paris and the University of Belgrano (1992), a graduate degree in investment banking from the New York University (1996) and an LLM from Georgetown University (1999).

Esteban C. Buljevich is a contributor to Project Finance–Selected Issues in Choice of Law, published by Euromoney Books in 1996. He is also the author of Project Financing and the International Financial Markets, published by Kluwer Academic Publishers in 1999. Since 2001, he has been a faculty member of the International Law Institute in Washington, DC. He frequently provides lectures and presentations at conferences and seminars relating to topics of his professional expertise. He is a member of the Buenos Aires and New York bars and of various professional organisations, including the American Bar Association, the International Bar Association, the Association of International Petroleum Negotiators and the International #Law Institute.