Cash Pooling and Insolvency: A Practical Global Handbook - Hardcover

Willems, Marcel; Laan, Kennedy Van Der

Hardcover

ISBN 10: 1905783914 ISBN 13: 9781905783915

Publisher: Globe Law and Business Ltd, 2012

Synopsis

'Cash is king' and, presumably, will remain king for a long time to come. This is even more relevant since the financial crisis. Banks are now hesitant to provide credit lines to companies, whether national or cross-border. High interest rates are charged on debit amounts, but hardly any interest is paid on credit amounts. More than ever before, companies therefore need to limit both debit and credit amounts. Pooling cash within a corporate group or among a number of companies enables the best use of the funds available at as little cost as possible, thus strengthening the financial position of the companies involved. One result of the current economic low tide, however, is that there are some specific caveats to observe. Not only are regulatory constraints tightening by the day, but the risk of insolvency is also becoming an increasingly pressing issue. This new title, published in association with the International Bar Association, draws together leading practitioners from a wide range of countries who together provide detailed analysis on the provisions in their jurisdiction for cash pooling and insolvency.Each chapter follows the same template for ease of reference; topics featured include specific legal requirements from various perspectives, the liability of company directors, banking requirements, regulatory requirements and tax. This practical handbook is an essential guide for any insolvency professional, in-house counsel or adviser in banking and finance.

About this title

Review

This practical handbook is a welcome guide for in-house counsel or advisers in banking and finance, as well as for insolvency practitioners. --Professor Dr Bob Wessels, International Insolvency Law Review

In sum, a useful text for those engaged in the financial and insolvency fields and providing a sound basis for those considering the major issues involved in cash pooling arrangements. --Professor Paul Omar, Nottingham Law School

Edition details

• Publisher: Globe Law and Business Ltd
• Publication date: 2012
• Language: English
• ISBN 10: 1905783914
• ISBN 13: 9781905783915
• Binding: Hardcover
• Number of pages: 340