'Cash is king’ – and, presumably, will remain king for a long time to come. This viewpoint is even more relevant since the 2008 international financial crisis. Banks are still hesitant to provide credit lines to companies, whether national or cross-border. High interest rates are charged on debt but hardly any interest is paid on credit amounts. More than ever before, companies need to limit both debit and credit amounts. Pooling cash within a corporate group or among a number of companies enables the best use of the funds available at as little cost as possible, thus strengthening the financial position of the companies involved. Cash pooling is thereby a means of reducing the risk of insolvency during difficult economic times. The first edition of this book, published in 2012, was very well received. Since then, there have been a number of reasons to update the information it contains: new case law, new national legislation and recent EU initiatives. Furthermore, chapters on Estonia, Latvia and Lithuania have been added to the already impressive number of jurisdictions covered. This title, published in association with the International Bar Association, draws together leading practitioners from a wide range of countries, who together provide detailed analysis on the provisions in their jurisdiction for cash pooling and insolvency. Each chapter follows the same template for ease of reference; topics featured include specific legal requirements from various perspectives, the liability of company directors, banking requirements, regulatory requirements and tax. This practical handbook is an essential guide for any insolvency professional, in-house counsel or adviser in banking and finance.
Les mer
The first edition of this book was very well received. Since then, there have been a number of reasons to update the information it contains: new case law, new national legislation and recent EU initiatives. Furthermore, chapters on Estonia, Latvia and Lithuania have been added to the already impressive number of jurisdictions covered.
Les mer
Introduction 7 Marcel Willems Kennedy Van der Laan NV Cash pooling and the EU Insolvency Regulation 9 Bart de Man Jeroen Postma Kennedy Van der Laan NV Argentina 17 Tomás M Araya M&M Bomchil Abogados Mario Benjamín Terán Lawyer Daniela A Bianchi Marval, O’Farrell & Mairal Austria 35 Arno Brauneis bkp Rechtsanwälte Australia 45 Ian Walker Minter Ellison Belgium 59 Tom Geudens Yves Lenders Pieter Meeus Lydian Canada 75 Mary Arzoumanidis Jeffrey Carolan Royal Bank of Canada China 89 Rogier van Bijnen Kathleen Cao R&P China Lawyers Cyprus 105 Venetia Argyropoulou Alexandra Pelaghias-Christodoulou Pelaghias, Christodoulou, Vrachas LLC Czech Republic 121 Ernst Giese Mária Piacˇková Giese & Partner, vos Denmark 135 Carsten Ceutz Thomas Frøbert Morten Krogsgaard Bech-Bruun England 151 Charles Kerrigan Olswang LLP Estonia 173 Martin Mäesalu Raino Paron Tõnis Vahesaar Raidla Ellex Finland 185 Pekka Jaatinen Anna-Kaisa Remes Castrén & Snellman Attorneys Ltd France 199 Amélie Dorst Anja Droege Gagnier BMH Avocats Germany 213 Daniela Mader Kirsten Schümann-Kleber GÖRG Greece 229 Constantinos N Klissouras Christina K Papachristopoulou KP Law Firm Hungary 243 Melinda Pelikán Zsófia Polyák János Tóth Wolf Theiss Ireland 257 Daragh Bohan Frank Flanagan Mayson Hayes & Curran Italy 281 Flavio A Acerbi 5Lex Silvio Cavallo Domenico Gioia Paolo Manganelli Paul Hastings Cosimo Pennetta RCC Lex Japan 323 Naoya Ariyoshi Maya Ito Shinsuke Ushirobira Nishimura & Asahi Latvia 339 Dia¯na Balkena BDO Legal Lithuania 347 Liudgardas Maculevicˇius Rödl & Partner Luxembourg 355 Franz Fayot Laurent Fisch FischFayot Mexico 371 Darío U Oscós Oscós Abogados Netherlands 379 Marcel Willems Kennedy Van der Laan NV Norway 395 Børge Grøttjord Kari Amalie Pettersen Grette DA Portugal 417 Miguel de Avillez Pereira Gómez-Acebo & Pombo Hugo Teixeira Abreu Advogados South Korea 429 Sang-Jin Ahn Keum-Ho Lee Steve Sunghwa Song Kim and Chang Spain 441 Maria Luisa de Alarcón Agustín Bou Carlos Pol Jausas Sweden 459 Kristina Einarsson Mathias Winge Setterwalls Switzerland 471 Benedict F Christ David Jenny Nadia Tarolli Schmidt VISCHER AG United States 483 Judith Elkin Judith Elkin PLLC Kourtney P Lyda Arsalan Muhammad Kelli Stephenson Norfleet Haynes and Boone, LLP About the authors 505
Les mer
Review for first edition: This practical handbook is a welcome guide for in-house counsel or advisers in banking and finance, as well as for insolvency practitioners.

Produktdetaljer

ISBN
9781911078166
Publisert
2016-09-01
Utgave
2. utgave
Utgiver
Vendor
Globe Law and Business Ltd
Vekt
1030 gr
Høyde
240 mm
Bredde
160 mm
Aldersnivå
P, 06
Språk
Product language
Engelsk
Format
Product format
Innbundet
Antall sider
526

Redaktør