Schemes of Arrangement

2021 ◽  
Author(s):  
Jennifer Payne
Keyword(s):  
Comparative Analysis ◽  
Financial Crisis ◽  
Financial Distress ◽  
2008 Financial Crisis ◽  
Debt Restructuring ◽  
The Future ◽  
Recent Developments ◽  
Flexible Mechanism ◽  
The 2008 Financial Crisis ◽  
Indispensable Tool

Schemes of arrangement are an important and flexible mechanism, which can be used to reorganise a company's capital. Schemes have undergone a renaissance over the last twenty years, particularly as a debt restructuring device in the aftermath of the 2008 financial crisis when companies and their advisors have needed to develop effective tools for dealing with financial distress. The COVID-19 pandemic has provided a further incentive for jurisdictions to ensure that they have an effective debt restructuring mechanism in place. Schemes have also become the mechanism of choice for recommended takeovers. This book performs a critical, contextual and comparative analysis of schemes and their uses, examines recent developments in this area, including the Corporate Insolvency and Governance Act 2020, and considers whether further reform is needed to ensure that schemes continue to develop as an indispensable tool for companies for the future.

Financial Distress among the Elderly

2020 ◽  
pp. 89-105 ◽  
Author(s):  
Wenli Li ◽  
Michelle J. White
Keyword(s):  
Financial Crisis ◽  
Financial Distress ◽  
Age Groups ◽  
The Elderly ◽  
2008 Financial Crisis ◽  
The Past ◽  
Younger Age ◽  
The 2008 Financial Crisis

Both the proportion of bankruptcy filings by the elderly and the proportion of foreclosure starts that affect the elderly have increased dramatically over the past 20 years, suggesting an increase in financial distress of the elderly relative to younger age groups. This chapter uses new data to examine whether these trends can be explained by either the 2005 bankruptcy reform or the 2008 financial crisis. Our results show that while these events made both the elderly and younger age groups worse off, they do explain the increase in relative financial distress of the elderly.

scholarly journals The Impact of Financial Crisis on Insurance Sector and the Regulatory Response

2018 ◽  
Vol 1 (1) ◽  
Author(s):  
NURUL SYUHADA BINTI ZAIDI ◽  
Nazaria Md Aris ◽  
Suzila Mohamed Yusof
Keyword(s):  
Financial Crisis ◽  
European Commission ◽  
Solvency Ii ◽  
2008 Financial Crisis ◽  
Regulatory Response ◽  
Insurance Sector ◽  
The Future ◽  
The 2008 Financial Crisis ◽  
The Impact

This paper aims to discuss what happen during the 2008 financial crisis and the reason behind it. This paper also aims to analyze the impact of the financial crisis to insurance sector and how they react. This paper also discussed the Solvency II (applied by the European Commission) as well as the Malaysian Risk-Based Capital.  Lastly, this paper also provides some observation and suggestion on how similar crisis can be avoided in the future as well as ways to improve the regulations.

Mathematics without Apologies

2017 ◽  
Author(s):  
Michael Harris
Keyword(s):  
Number Theory ◽  
Financial Crisis ◽  
Pop Culture ◽  
First Century ◽  
2008 Financial Crisis ◽  
Dinner Party ◽  
Mathematical Life ◽  
Personal Experiences ◽  
The 2008 Financial Crisis ◽  
Guided Tour

What do pure mathematicians do, and why do they do it? Looking beyond the conventional answers, this book offers an eclectic panorama of the lives and values and hopes and fears of mathematicians in the twenty-first century, assembling material from a startlingly diverse assortment of scholarly, journalistic, and pop culture sources. Drawing on the author's personal experiences as well as the thoughts and opinions of mathematicians from Archimedes and Omar Khayyám to such contemporary giants as Alexander Grothendieck and Robert Langlands, the book reveals the charisma and romance of mathematics as well as its darker side. In this portrait of mathematics as a community united around a set of common intellectual, ethical, and existential challenges, the book touches on a wide variety of questions, such as: Are mathematicians to blame for the 2008 financial crisis? How can we talk about the ideas we were born too soon to understand? And how should you react if you are asked to explain number theory at a dinner party? The book takes readers on an unapologetic guided tour of the mathematical life, from the philosophy and sociology of mathematics to its reflections in film and popular music, with detours through the mathematical and mystical traditions of Russia, India, medieval Islam, the Bronx, and beyond.

Credit Spreads and Regime Shifts: Evidence from the 2008 Financial Crisis

2012 ◽  
Author(s):  
Ivelina Pavlova ◽  
Ann Marie Hibbert ◽  
Joel R. Barber ◽  
Krishnan Dandapani
Keyword(s):  
Financial Crisis ◽  
Regime Shifts ◽  
Credit Spreads ◽  
2008 Financial Crisis ◽  
The 2008 Financial Crisis
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