Publisher's Synopsis
This is the first book to analyze and discuss international distressed debt and the developing standards of practice and documentation which accompany the different trading platforms worldwide. The insolvency issue which underlies this trading is examined, with particular regard to the US and UK markets.;Divided into four detailed sections, this comprehensive book examines topics including: an overview of trade such as the need for a bid or pricing letter, confidentiality agreement, due diligence and the negotiation of terms; the documents used in trade by members of the Loans Syndication's and Trading Association such as the Assignment Agreement; the legal issues of trading such as bankruptcy claims in the US and a summary of UK law on loan syndication and participations; and the issues that arise in cross-border trade with sections on alternative dispute resolution and international bankruptcy developments.
