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This book provides the first comprehensive treatment of
out-of-court restructuring and post-commencement insolvency
financing in the corporate group setting, domestically and
internationally. Bringing together a collection of distinguished
contributors-academics and practitioners at the forefront of
insolvency practice and law reform efforts-the book addresses and
critiques "state of the art" practice and work-arounds for
financing out-of-court restructurings as well as judicial
reorganisations, going-concern liquidations and administration
proceedings of financially distressed global business groups. The
book opens with a detailed introduction from the editors which
provides an overview of domestic law issues and an exploration of
principles guiding judicial and administrative cooperation to
facilitate group financing in cross-border cases. The final section
analyzes regional and global law reform and harmonisation progress
to date. This book is a valuable resource for practitioners who
must structure (and courts that must approve) financing for global
enterprise groups in reorganisation. With another wave of global
corporate group failures anticipated, practitioners, courts and
policy makers are well served by a work describing cutting-edge
advances in this field in domestic and cross-border cases.
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