Suchergebnisse

Background: The increasing intricacies of corporate bankruptcy and financial restructuring in the global economy highlight the importance of comprehending the procedures and results for distressed organizations. The article focuses on the lack of information and action regarding the recovery of financially struggling companies, acknowledging the significance of this matter for scholars, professionals, and policymakers. Objective: This study aims to analyze the complexities of corporate bankruptcy, emphasizing the legal, financial, and operational obstacles and solutions used by corporations to manage financial difficulties. The goal is to provide a detailed examination of the methods and institutions that support business recovery and the impact on different stakeholders. Methodology: Utilising a qualitative research approach, the article conducts a thorough examination of legal texts, empirical case studies, and relevant datasets related to corporate bankruptcy and restructuring. The goal is to clarify the functions of various bankruptcy processes, including debtor-in-possession financing, and alternatives like out-of-court restructuring. Results: The results emphasize the many tactics used by corporations to reduce financial hardship, focusing on the interconnection between legal regulations, financial tools, and stakeholder involvement. The study reveals the key aspects that impact the effectiveness of restructuring initiatives, such as protecting stakeholder interests, ensuring employee well-being, and adhering strictly to legal obligations. The article provides information on the difficulties and factors that help with restructuring procedures, giving a better understanding of the practical elements involved in managing corporate bankruptcy. Conclusion: The article enhances comprehension of corporate bankruptcy and financial restructuring, emphasizing the need for a comprehensive strategy that focuses on legal compliance and stakeholder interests. This emphasizes the consequences for the continuous recovery of companies in an uncertain economic setting and proposes avenues for future study and application in the field of corporate financial revitalization. The results support the need for deliberate and well-informed decision-making to improve the resilience and recovery of struggling organizations.

The purpose of this paper is to describe the primary factors that helped encourage the growth of savings and loan business and its development as the primary mortgage originating and investing intermediary. This will be followed by a discussion of how and why changes have been made to alter the sheltered environment of the business. Finally, the paper will focus on several options for the future structure of the savings and loan business and the implications each has on our mortgage delivery system and housingThe paper concludes that the country in general and its housing needs, in particular, would be best served by freeing up the asset and liability powers of thrifts. In order to meet the mortgage finance needs of the country, it is recommended that increased emphasis be put on making mortgages investment grade assets that will be able to compete with other investments for funds in the capital market generally. To do this, the government must refrain from price fixing (i.e., setting specific prepayment penalties, savings rates, etc.); establishing terms and conditions on mortgages (i.e., regulating mortgage forms); changing contractual provisions on mortgages (i.e., due‐on‐sale prohibitions), and avoiding noncompetitive behavior by government credit programs.

In studies of transitional systems, negative economic outcomes are often associated with 'partial' or 'stalled' reform – a reform that signifies an institutional departure from standard market operation. Such departures are often traced to socio-political contestation or political preferences. Focusing on China's intertwined financial and enterprise reforms, this paper challenges that approach on two fronts. First, it argues that institutional change and resultant economic outcomes are driven less by contestation than by societally held assumptions regarding the nature of economic causation in market contexts. The analytical lenses that actors employ to understand their environment shape expectations about how markets function, influence the manner by which economic problems are diagnosed, and profoundly affect the ultimate institutional evolution of the system. Second, such lenses are necessitated by substantial uncertainties at the theoretical level regarding market function – uncertainties that make characterizations of economic behavior as 'irrational' highly problematic.

The reorganization of the companies, as a worldwide accepted concept of avoiding liquidation, is perceived as very complex issue, both in academic environmental and the circle of practitioners and government bodies. The complexity of this issue primarily derives from its multidisciplinary and multifunctional influence, in a broader social context. Nowadays, the reorganization is perceived as the most suitable model to increase cross-border investments, to reduce the percentage of unemployed persons and to cut the risk of loans in banking sector. For this purpose, in the last ten years, numerous and diverse changes have occurred in the field of insolvency law, particularly in the EU. Most of these changes are related to the promotion of the concept of preventive financial restructuring, as a new concept for avoiding insolvency. The Republic of Croatia (hereinafter RC) and the Republic of North Macedonia (hereinafter RNM), are not exceptions with regards to this trend. Under the influence of EU insolvency policy, the RC and other countries in the region, including the RNM made certain changes in their laws. In this article, the main research is the concept of "reorganization" as an established model of avoiding liquidation of debtors and "financial restructuring of debts". The focus will be on Croatian and Macedonian law and practice.

The reorganization of the companies, as a worldwide accepted concept of avoiding liquidation, is perceived as very complex issue, both in academic environmental and the circle of practitioners and government bodies. The complexity of this issue primarily derives from its multidisciplinary and multifunctional influence, in a broader social context. Nowadays, the reorganization is perceived as the most suitable model to increase cross-border investments, to reduce the percentage of unemployed persons and to cut the risk of loans in banking sector. For this purpose, in the last ten years, numerous and diverse changes have occurred in the field of insolvency law, particularly in the EU. Most of these changes are related to the promotion of the concept of preventive financial restructuring, as a new concept for avoiding insolvency. The Republic of Croatia (hereinafter RC) and the Republic of North Macedonia (hereinafter RNM), are not exceptions with regards to this trend. Under the influence of EU insolvency policy, the RC and other countries in the region, including the RNM made certain changes in their laws. In this article, the main research is the concept of "reorganization" as an established model of avoiding liquidation of debtors and "financial restructuring of debts". The focus will be on Croatian and Macedonian law and practice.