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.

Format: Paperback / softback
Length: 422 pages
Publication date: 04 September 2022
Publisher: Springer Nature Switzerland AG

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 narrative of a fictitious troubled bank in an emerging market. It features characters, dialogues, and negotiations that illustrate the various phases and principles of a restructuring. The book includes a series of discussion questions with suggested answers to facilitate key issues analysis.

The book is structured into five main phases: pre-restructuring, decision to restructure, case set-up, structuring and negotiation, and implementation. Each chapter outlines the key elements of these phases and demonstrates how they are applied in practice. Separate chapters are also devoted to exogenous shocks, macroeconomics, and legal issues in cross-border restructurings.

This book will be of interest to the international professional financial and legal community, particularly junior-to mid-level financiers, business people, and lawyers. It provides valuable insights into the complexities of corporate debt restructurings in emerging markets and offers practical guidance for navigating these challenges.

Weight: 682g
Dimension: 235 x 155 (mm)
ISBN-13: 9783030813086
Edition number: 1st ed. 2021