國立高雄大學圖資館 |

Language: English

Back

New financing for distressed busines...

Mba, Sanford U.

New financing for distressed businesses in the context of business restructuring law

Record Type:	Electronic resources : Monograph/item
Title/Author:	New financing for distressed businesses in the context of business restructuring lawby Sanford U. Mba.
Author:	Mba, Sanford U.
Published:	Cham :Springer International Publishing :2019.
Description:	xi, 285 p. :ill., digital ;24 cm.
Contained By:	Springer eBooks
Subject:	CorporationsFinance
Online resource:	https://doi.org/10.1007/978-3-030-19749-0
ISBN:	9783030197490$q(electronic bk.)

New financing for distressed businesses in the context of business restructuring law
Mba, Sanford U.

New financing for distressed businesses in the context of business restructuring law[electronic resource] /by Sanford U. Mba. - Cham :Springer International Publishing :2019. - xi, 285 p. :ill., digital ;24 cm.

Introduction -- New Money for Distressed Businesses: Sources, Options and the Changing Financing Landscape -- Restructuring: Key Elements and the Financing Component -- Financing the Restructuring Process: Incentivizing through Law -- New Financing and Lender Capture -- The Role of Distressed Debt Investors in Financing Distressed Debtor Restructuring -- Conclusion and Final Remarks.

This book focuses on the restructuring of distressed businesses, emphasizing the need for new financing during the restructuring process as well as during relaunch, and examines the role of law in encouraging creditor confidence and incentivizing lending. It describes two broad approaches to encouraging new finance during restructuring: a prescriptive one that seeks to attract credit using expressly defined statutory incentives, and a market-based one that relies on the business judgment of lenders against the backdrop of transaction avoidance rules. Securing new financing for a distressed business is a critical part of successful restructuring. Without such financing, the business may be unable to meet interim liquidity constraints, or to implement its restructuring plans. This book addresses related questions concerning the place of new financing as an essential component of restructuring. In general terms, the book explores how statutory interventions and the courts can provide support with contentious issues that arise from the provision of new financing, whether through new financing agreements or through distressed debt investors, who are increasingly gaining prominence as sources of new financing for distressed businesses. It argues that courts play a key part in preventing or correcting the imbalances that can arise from the participation of distressed debt investors. In this context, it critically examines the distressed debt market in emerging markets like Nigeria and the opportunity presented by non-performing loans, arguing that the regulatory pattern of market entry may dis-incentivize distress debt investing in a market that is in dire need of financing. The book offers a fresh and comparative perspective on restructuring new financing for distressed businesses by comparing various approaches (primarily from the US, UK and Germany) and drawing lessons for frontier markets, with particular reference to Nigeria. It fills an important gap in international comparative scholarship and discusses a living problem with both empirical and policy aspects.

ISBN: 9783030197490$q(electronic bk.)

Standard No.: 10.1007/978-3-030-19749-0doiSubjects--Topical Terms:

228294
Corporations
--Finance

LC Class. No.: K1330 / .M33 2019

Dewey Class. No.: 346.0666

New financing for distressed businesses in the context of business restructuring law
LDR:03497nmm a2200337 a 4500 001 562986
003 DE-He213
005 20190629010741.0
006 m d
007 cr nn 008maaau
008 200227s2019 gw s 0 eng d
020 $a 9783030197490$q(electronic bk.)
020 $a 9783030197483$q(paper)
024 7 $a 10.1007/978-3-030-19749-0 $2 doi
035 $a 978-3-030-19749-0
040 $a GP $c GP
041 0 $a eng
050 4 $a K1330 $b .M33 2019
072 7 $a LB $2 bicssc
072 7 $a LAW051000 $2 bisacsh
072 7 $a LB $2 thema
072 7 $a LAM $2 thema
082 0 4 $a 346.0666 $2 23
090 $a K1330 $b .M478 2019
100 1 $a Mba, Sanford U. $3 848305
245 1 0 $a New financing for distressed businesses in the context of business restructuring law $h [electronic resource] / $c by Sanford U. Mba.
260 $a Cham : $b Springer International Publishing : $b Imprint: Springer, $c 2019.
300 $a xi, 285 p. : $b ill., digital ; $c 24 cm.
505 0 $a Introduction -- New Money for Distressed Businesses: Sources, Options and the Changing Financing Landscape -- Restructuring: Key Elements and the Financing Component -- Financing the Restructuring Process: Incentivizing through Law -- New Financing and Lender Capture -- The Role of Distressed Debt Investors in Financing Distressed Debtor Restructuring -- Conclusion and Final Remarks.
520 $a This book focuses on the restructuring of distressed businesses, emphasizing the need for new financing during the restructuring process as well as during relaunch, and examines the role of law in encouraging creditor confidence and incentivizing lending. It describes two broad approaches to encouraging new finance during restructuring: a prescriptive one that seeks to attract credit using expressly defined statutory incentives, and a market-based one that relies on the business judgment of lenders against the backdrop of transaction avoidance rules. Securing new financing for a distressed business is a critical part of successful restructuring. Without such financing, the business may be unable to meet interim liquidity constraints, or to implement its restructuring plans. This book addresses related questions concerning the place of new financing as an essential component of restructuring. In general terms, the book explores how statutory interventions and the courts can provide support with contentious issues that arise from the provision of new financing, whether through new financing agreements or through distressed debt investors, who are increasingly gaining prominence as sources of new financing for distressed businesses. It argues that courts play a key part in preventing or correcting the imbalances that can arise from the participation of distressed debt investors. In this context, it critically examines the distressed debt market in emerging markets like Nigeria and the opportunity presented by non-performing loans, arguing that the regulatory pattern of market entry may dis-incentivize distress debt investing in a market that is in dire need of financing. The book offers a fresh and comparative perspective on restructuring new financing for distressed businesses by comparing various approaches (primarily from the US, UK and Germany) and drawing lessons for frontier markets, with particular reference to Nigeria. It fills an important gap in international comparative scholarship and discusses a living problem with both empirical and policy aspects.
650 0 $a Corporations $x Finance $x Law and legislation. $3 228294
650 0 $a Corporate reorganizations $x Law and legislation. $3 848306
650 1 4 $a Private International Law, International & Foreign Law, Comparative Law. $3 530877
650 2 4 $a Business Finance. $3 731055
650 2 4 $a Emerging Markets/Globalization. $3 557943
650 2 4 $a European Law. $3 558717
650 2 4 $a Commercial Law. $3 274030
710 2 $a SpringerLink (Online service) $3 273601
773 0 $t Springer eBooks
856 4 0 $u https://doi.org/10.1007/978-3-030-19749-0
950 $a Law and Criminology (Springer-41177)