rdf-syntax-grammar
mods:
  schema location: http://www.loc.gov/mods/v3 http://www.loc.gov/standards/mods/v3/mods-3-2.xsd
  title info:
    title: New Financing for Distressed Businesses in the Context of Business Restructuring Law
  name:
    name part: Mba, Sanford U.
    role:
      role term: creator
    role:
      role term: author.
    role:
      role term: aut
    role:
      role term: http://id.loc.gov/vocabulary/relators/aut
  name:
    name part: SpringerLink (Online service)
  type of resource: text
  origin info:
    place:
      place term: gw
    date issued: 2019
    edition: 1st ed. 2019.
    issuance: monographic
  language:
    language term: eng
  physical description:
    form: electronic
    form: electronic resource
    reformatting quality: access
    form: remote
    extent: XI, 285 p. online resource.
  abstract: 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…
  table of contents: 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. .
  note: by Sanford U. Mba.
  subject:
    topic: Private international law
  subject:
    topic: Conflict of laws
  subject:
    topic: Business enterprises-Finance
  subject:
    topic: Globalization
  subject:
    topic: Markets
  subject:
    topic: Law-Europe
  subject:
    topic: Commercial law
  subject:
    topic: Private International Law, International & Foreign Law, Comparative Law
  subject:
    topic: Business Finance
  subject:
    topic: Emerging Markets/Globalization
  subject:
    topic: European Law
  subject:
    topic: Commercial Law
  classification: K7000-7720.22
  classification: K7073-7078
  classification: 340.9
  classification: 340.2
  related item:
    title info:
      title: Springer eBooks
  identifier: 9783030197490
  identifier: https://doi.org/10.1007/978-3-030-19749-0
  record info:
    record creation date: 190629
    record change date: 20191220130107.0
    record identifier: 978-3-030-19749-0