Corporate Debt Restructuring in Emerging Markets: A Practical Post-Pandemic Guide

Corporate debt restructurings in emerging markets present unique challenges due to weaker economic fundamentals and institutional resiliency. This book provides a comprehensive narrative of a fictitious troubled bank in an emerging market, covering the five main phases and principles of restructuring, as well as exogenous shocks, macroeconomics, and legal issues. It is of interest to the international professional financial and legal community.

\n Format: Hardback
\n Length: 422 pages
\n Publication date: 03 September 2021
\n Publisher: Springer Nature Switzerland AG
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Corporate debt restructurings in emerging markets have always presented unique challenges, especially in the aftermath of the COVID-19 pandemic. As businesses strive to recover and rebuild, the financial hangover of lockdowns and market disruptions continues to threaten their independence and survival. This risk is particularly acute in emerging and frontier markets, where weaker economic fundamentals and institutional resilience often make it harder to return to pre-COVID-19 operating levels and financial sustainability. Borrowers in these markets must navigate the complex interplay between substantial existing debt and the "new reality" of their business operations and revenues.

To address these challenges, this book offers a comprehensive and detailed narrative of a fictitious troubled bank in an emerging market. Through characters, dialogues, and negotiations, it explores the various phases and principles of a restructuring, including pre-restructuring, decision-making, case setup, structuring and negotiation, and implementation. Each chapter provides an outline of the main elements of the phases and demonstrates how they are applied in practice. Additionally, the book includes separate chapters on exogenous shocks, macroeconomics, and legal issues involved in cross-border restructurings.

This book is designed to appeal to the international professional financial and legal community, particularly junior-to mid-level financiers, business people, and lawyers. It provides valuable insights and practical guidance for those involved in corporate debt restructurings in emerging markets, helping them navigate the complex terrain and make informed decisions that ensure the long-term viability of their businesses.

\n Weight: 830g\n
Dimension: 163 x 241 x 35 (mm)\n
ISBN-13: 9783030813055\n
Edition number: 1st ed. 2021\n