Corporate Debt Restructuring in Emerging Markets

Analyzes of the five main phases and principles of a restructuringShows how the elements are applied in practice with both banks and corporate borrowers
Offers a specific look at how the COVID-19 pandemic affects restructuringAddresses the needs of junior to mid-level professionals (including finance, business and legal), on both sides in a corporate restructuring (i.e., lender and borrower)

Analyzes the five main phases and principles of a restructuring Shows how the elements are applied in practice with both banks and corporate borrowers Offers a specific look at how the COVID-19 pandemic affects restructuring

Autorentext

Richard Marney is a senior advisor for risk management at responsAbility Investments AG, a leading Zurich-based development finance focused asset management firm. He previously served as the firm's chief risk officer. Prior to responsAbility, Richard had a broad and varied 40-year career in emerging and frontier markets banking and principal investing, with senior-level business and corporate development, risk management, and operating roles, including with BNY Mellon and JP Morgan.

Timothy Stubbs is a partner with the global law firm Dentons. He heads the firm's Russian Banking and Finance Group. Tim has worked on emerging markets transactions with Dentons (and its legacy firm Salans) since 1992, having previously practiced law in Chicago and New York. Tim also worked for two years in the European Bank for Reconstruction and Development (EBRD) in London on working sabbatical. Tim has led numerous debt restructurings and financings of all types, including bilateral and syndicated lending, real estate finance and project finance.

Inhalt

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. <p