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Books > Law > Laws of other jurisdictions & general law > Financial, taxation, commercial, industrial law > Financial law > Bankruptcy & insolvency law
Taxation of Loan Relationships and Derivative Contracts, Tenth
Edition, is updated in line with the Finance Act 2015 which brings
in significant changes to the loan relation rules. In addition, it
includes changes to both UK and International Accounting Standards.
This new edition covers developments in the Basic Erosion and
Profit Shifting (BEPs) project and the related new climate and
wider concept of tax avoidance (GAAR). The chapters covering
accounting framework, reorganisations and international aspects
have been significantly updated since the previous edition and new
chapters have been added with a summary of all relevant cases and a
chapter covering Islamic Finance. Covers the following: The
Taxation of Finance Accounting under IFRS and Modified UK GAAP The
Scheme of the Legislation Loan Relationships: Scope and Definition
Loan Relationships: General Computational Provisions Loan
Relationships: Special Computational Provisions Impairment Losses
Foreign Exchange and Hedging/Deferral Interest Securities
Reorganisations, Acquisitions and Disposals Special Companies
Derivative Contracts - Definition and Scope Derivative Contracts -
Measurement of Profits Embedded Derivatives Worldwide Debt Cap
Transfer Pricing Stock Lending and Repos International Aspects
Islamic Finance Cases Appendices
This book explores the issue of private sector over-indebtedness
following the recent financial crisis. It addresses the various
challenges for policymakers, investors and economic agents affected
by applied remedial policies as the private non-financial sector in
Europe continues to face increased challenges in servicing its
debt, with the problem mainly concentrated in several countries in
the EU periphery and Eastern Europe. Chapters from expert
contributors address reduced investment as firms concentrate on
deleveraging and repairing their balance sheets, curtailed consumer
spending, depressed collateral values and weak credit creation.
They examine effective policies to facilitate private sector debt
restructuring which may involve significant upfront costs in terms
of time to implement and committed budgetary resources, as well as
necessary reforms required to improve the broader institutional
framework and judicial capacity. The book also explores the issue
of over indebtedness in the household sector, contributing to the
literature in establishing best practice principles for household
debt.
This book examines the effect of the adoption of the United Nations
Committee on International Trade Law (UNCITRAL) Model Law on
Cross-Border Insolvency in five common law jurisdictions, namely
Australia, Canada, New Zealand, the United Kingdom, and the United
States of America. It examines how each of those states has
adopted, interpreted and applied the provisions of the Model Law,
and highlights the effects of inconsistencies by examining
jurisprudence in each of these countries, specifically how the
Model Law affects existing principles of recognition of insolvency
proceedings. The book examines how the UNCITRAL Guide to enactment
of the Model Law has affected the interpretation of each of its
articles and, in turn, the courts' ability to interpret and hence
give effect to the purposes of the Model Law. It also considers the
ability of courts to refer to amendments made to the Guide after
enactment of the Model Law in a state, thereby questioning whether
the current inconsistencies in interpretation can be overcome by
UNCITRAL amending the Guide.
This new edition of Corporate Insolvency Law builds on the unique
and influential analytical framework established in previous
editions - which outlines the values to be served by insolvency law
and the need for it to further corporate as well as broader social
ends. Examining insolvency law in the fast-evolving commercial
world, the third edition covers the host of new laws, policies and
practices that have emerged in response to the fresh corporate and
financial environments of the post-2008 crisis era. This third
edition includes a new chapter on the growing issue of cross border
insolvency and deals with a host of recent developments, notably;
the consolidation of the rescue culture in the UK, the rise of the
pre-packaged administration, and the substantial replacement of
administrative receivership with administration. Suitable for
advanced undergraduate and graduate students, professionals and
academics, Corporate Insolvency Law offers an organised basis for
rising to the challenges of an ever-shifting area of the law.
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