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Book Details
Abstract
‘Cash is king’ – and, presumably, will remain king for a long time to come. This viewpoint is even more relevant since the 2008 international financial crisis. Banks are still hesitant to provide credit lines to companies, whether national or cross-border. High interest rates are charged on debt but hardly any interest is paid on credit amounts. More than ever before, companies 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. Cash pooling is thereby a means of reducing the risk of insolvency during difficult economic times.
The first edition of this book, published in 2012, was very well received. Since then, there have been a number of reasons to update the information it contains: new case law, new national legislation and recent EU initiatives. Furthermore, chapters on Estonia, Latvia and Lithuania have been added to the already impressive number of jurisdictions covered.
This 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.
Review for first edition: This practical handbook is a welcome guide for in-house counsel or advisers in banking and finance, as well as for insolvency practitioners.
Professor Bob Wessels
Table of Contents
Section Title | Page | Action | Price |
---|---|---|---|
Front cover | 1 | ||
Title | 2 | ||
Copyright | 3 | ||
Table of contents | 4 | ||
Introduction Marcel Willems Kennedy Van der Laan NV | 8 | ||
Cash pooling and the EU Insolvency Regulation Bart de Man Jeroen Postma Kennedy Van der Laan NV | 10 | ||
Argentina Tomás M Araya M&M Bomchil Abogados Mario Benjamín Terán Lawyer Daniela A Bianchi Marval, O’Farrell & Mairal | 18 | ||
Austria Arno Brauneis bkp Rechtsanwälte | 36 | ||
Australia Ian Walker Minter Ellison | 46 | ||
Belgium Tom Geudens Yves Lenders Pieter Meeus Lydian | 60 | ||
Canada Mary Arzoumanidis Jeffrey Carolan Royal Bank of Canada | 76 | ||
China Rogier van Bijnen Kathleen Cao R&P China Lawyers | 90 | ||
Cyprus Venetia Argyropoulou Alexandra Pelaghias-Christodoulou Pelaghias, Christodoulou, Vrachas LLC | 106 | ||
Czech Republic Ernst Giese Mária Piacˇková Giese & Partner | 122 | ||
Denmark Carsten Ceutz Thomas Frøbert Morten Krogsgaard Bech-Bruun | 136 | ||
England Charles Kerrigan Olswang LLP | 152 | ||
Estonia Martin Mäesalu Raino Paron Tõnis Vahesaar Raidla Ellex | 174 | ||
Finland Pekka Jaatinen Anna-Kaisa Remes Castrén & Snellman Attorneys Ltd | 186 | ||
France Amélie Dorst Anja Droege Gagnier BMH Avocats | 200 | ||
Germany Daniela Mader Kirsten Schümann-Kleber GÖRG | 214 | ||
Greece Constantinos N Klissouras Christina Papachristopoulou KP Law Firm | 230 | ||
Hungary Melinda Pelikán Zsófia Polyák János Tóth Wolf Theiss | 244 | ||
Ireland Daragh Bohan Frank Flanagan Mayson Hayes & Curran | 258 | ||
Italy Flavio A Acerbi 5Lex Silvio Cavallo Domenico Gioia Paolo Manganelli Paul Hastings Cosimo Pennetta RCC Lex | 282 | ||
Japan Naoya Ariyoshi Maya Ito Shinsuke Ushirobira Nishimura & Asahi | 324 | ||
Latvia Dia¯na Bal,k,ena BDO Legal | 340 | ||
Lithuania Liudgardas Maculevicˇius Rödl & Partner | 348 | ||
Luxembourg Franz Fayot Laurent Fisch FischFayot | 356 | ||
Mexico Darío U Oscós Oscós Abogados | 372 | ||
Netherlands Marcel Willems Kennedy Van der Laan NV | 380 | ||
Norway Børge Grøttjord Kari Amalie Pettersen Grette DA | 396 | ||
Portugal Miguel de Avillez Pereira Gómez-Acebo & Pombo Hugo Teixeira Abreu Advogados | 418 | ||
South Korea Sang-Jin Ahn Keum-Ho Lee Steve Sunghwa Song Kim and Chang | 430 | ||
Spain Maria Luisa de Alarcón Agustín Bou Carlos Pol Jausas | 442 | ||
Sweden Kristina Einarsson Mathias Winge Setterwalls | 460 | ||
Switzerland Benedict F Christ David Jenny Nadia Tarolli Schmidt VISCHER AG | 472 | ||
United States Judith Elkin Judith Elkin PLLC Kourtney P Lyda Arsalan Muhammad Kelli Stephenson Norfleet Haynes and Boone, LLP | 484 | ||
About the authors | 506 |