Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/115365
Authors: 
Olivares-Caminal, Rodrigo
Frigerio, Gerónimo
Year of Publication: 
2009
Series/Report no.: 
IDB Working Paper Series IDB-WP-113
Abstract: 
The aim of this paper is to provide a comparative analysis of out-of-court alternatives in Latin America. It focuses on the importance of these alternatives to restore financial viability to troubled companies in a scenario of recurrent regional instability. The importance of out-of-court restructuring alternatives lies on their expediency and, to a certain extent, their predictability. This objective of this paper is to contribute to the discussion on expedited corporate debt restructuring in Latin America by providing a thorough up to date regional analysis on pre-packs, pre-negotiated deals and private workouts. The use of expedited debt-restructuring alternatives allows debtors and creditors to negotiate the terms of an agreement in a shorter period of time than traditional reorganization procedures, minimizing the problem of holdout creditors and avoiding long and costly procedures.
Subjects: 
Business Bankruptcy Law
Capital Market
Restructuring
Pre-packs
Latin America
JEL: 
K22
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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