Chapter 15 The Debt-Rescheduling Process: Pitfalls and Hazards
Author:
LEE C. BUCHHEIT
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Language:
English
Print Publication Date:
20 May 1998
Keywords:
BOOK; bank; value; transaction; bank supervisor; debtor; settlement risk; derivatives contract; bank secrecy; value card; Currencies; Legal support in revenue administration; Credit; Global; North America; Europe; Caribbean; Eastern Europe; Asia and Pacific; debt problem; restructuring agreement; litigation risk; debtor-creditor relationship; debt-rescheduling process; Debt rescheduling; Debt restructuring; Debt relief

Abstract

The sovereign debt-rescheduling process of the 1980s and early 1990s has never lacked for critics. This chapter is not a contribution to this already rich tradition; rather, its objective is to suggest—from the standpoint of the practicing lawyer advising sovereign debtors in these exercises—a few areas in which future sovereign debt workouts might profitably take a different approach.

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Cover Current Legal Issues Affecting Central Banks, Volume V
Current Legal Issues Affecting Central Banks, Volume V
ISBN:
9781557756954
Publication Date:
20 May 1998
Publisher:
International Monetary Fund
DOI:
https://doi.org/10.5089/9781557756954.071
Pages:
867
Front Matter
Chapter 1 Developments at the International Monetary Fund
Chapter 2 The World Bank in the Nineties
Chapter 3 Developments at the International Finance Corporation
Foreword to Chapters 4 and 5
Chapter 4 Foreign Exchange Settlement Risk
COMMENT
Chapter 5 Cross-Border Electronic Banking: Perspectives on Systemic Risk and Sovereignty
COMMENT
Afterword to Chapters 4 and 5
Foreword to Chapters 6 and 7
Chapter 6 Stored Value Products: A New Legal Challenge
COMMENT
COMMENT
Chapter 7 Checks and Check Collection: A Comparison Between the Common Law and Geneva Systems
COMMENT
COMMENT
Afterword to Chapters 6 and 7
Foreword to Chapters 8 and 9
Chapter 8 Comparative Banking Supervision
COMMENT
COMMENT
Chapter 9 Bank Failure Case Histories
COMMENT
Afterword to Chapters 8 and 9
Foreword to Chapters 10 and 11
Chapter 10 Internal Controls and Risk Management for Banks
Chapter 11 Sharing of Information Between Supervisory Authorities
COMMENT
Afterword to Chapters 10 and 11
Chapter 12 Resolution of Sovereign Liquidity Crises: Basic Concepts and Issues
Chapter 13 Legal Framework for Dealing with Sovereign Debt Defaults
Chapter 14 Legal Remedies in the Event of a Sovereign Debt Default
Afterword to Chapters 12 to 15
Foreword to Chapters 16 and 17
Chapter 16 Derivatives Activities of Banking Institutions: Initiatives for Supervision and Enhanced Disclosure
COMMENT
COMMENT
Chapter 17 International Law of Bank Secrecy
COMMENT
Chapter 18 Financial Services in the General Agreement on Trade in Services: Framework and the 1995 Negotiations
COMMENT
COMMENT
Back Matter