Course description
The corporate debt restructuring course by Rcademy will highlight the important concepts required to practice and be considered in any corporate debt restructuring plan. It will give participants an overview of the legal and economic requirements for restructuring a debt crisis.
What is corporate debt restructuring?
Corporate debt restructuring refers to reorganizing a company’s debt obligations to improve its financial position and sustainability. This may involve modifying the terms of existing debt, exchanging debt for equity, or negotiating with creditors to reach a mutually acceptable agreement on debt repayment. It is typically pursued when a company is facing financial difficulties and cannot meet its debt obligations as they come due. This can result from various factors, including economic downturns, changes in market conditions, or poor financial performance.
Upcoming start dates
Suitability - Who should attend?
Who should attend?
The Corporate Debt Restructuring Course by Rcademy is ideal for the following professionals:
- Investment bankers
- Distress debt investment groups
- Credit and equity analyst
- Distressdebt managers
- Private equity officers
- Accountants
- Any interested professional
Outcome / Qualification etc.
The objectives of The Corporate Debt Restructuring Course by Rcademy are to enable participants to:
- Understand the most significant process of debt restructuring
- Identify the constituent elements of typical debt structures
- Recognize the important roles of jurisdiction and theeffects of forum shopping
- Handle in a successful way protective documentation
- Discover the recent developments in the international insolvency practice that is drawn from various law models
- Understand the rules and fundamental requirements of bankruptcy in the various regime
- Know how to reorganize structures and evaluate alternative strategies
- Understand the requirements of bankruptcy in emerging markets and the dangers that it poses to creditors
- Understand the concept of migration risk
Training Course Content
Module 1: Insolvency
- The existing standstill
- Comparison of insolvency in various countries
- Restructuring and the Roles of Directors – Duties and responsibilities – Groups of directors
- Vulnerable transactions – Jurisdiction of the court – Transactions at an undervalue – Avoidance of floating charges – Preferences in transactions – Creditors defrauding process
- Inability to pay debt principles of tests and their relevance to restructuring – The cash flow test – Overview – The balance sheet test – The test of inability to pay debts
- Avoidance of actions – The preferences – Conveyances fraudulent
Module 2: Supervised Vs Out-Of-Court
- Plans standards – Overview of plans – Feasibility and other confirmation standards – Best interest test – Priority rule
- Workouts and restructuring methods – Considerations in out-of-court workouts – Potential for failure and consequences – Advantages and disadvantages of workouts – Typical out-of-court approaches and techniques
- Offers and exchanges – Common tactics in the debt exchange offer – Reasons for doing a debt exchange offers – Income tax considerations and accounting – Securities law considerations
Module 3: Insolvency Proceedings and EC Regulations
- Introduction to EC regulations
- Rights of creditors
- Choice of the law rule
- Interpretation of existing legal frameworks
- International jurisdiction
- Judicial cooperation
- EC’s relationship with Brussels regulations
- Recognition of proceedings
- Group company’s insolvency management
- Sharing of IFC framework
Module 4: Packaged Plans
- Pre-arranged plans
- First-day filings
- Post-confirmation activities
- Pre-packaged plans
- Advantages and disadvantages of a pre-arranged and pre-packaged plan
- TheSub Rosaplan
- Feasibility
- Recent developments: the case ofChrysler and General motors
- Administration of Chapter 11
- Differences in theories in administration compared
- Perceptions of administration
- Differences in practice
Module 5: Receivership and Restructuring
- Retail businesses
- Process of a voluntary arrangement
- Moratorium in a voluntary arrangement
- Pre-packaged and corporate debt restructuring
- Pre-pack guidelines
- Challenges of voluntary arrangement and the Role of Companies
- Courts’ approach to pre-packs
- Criticisms of pre-packs
- The Role of Receivership in Restructuring
- Schemes of arrangement and the relationship with corporate debt restructuring
- Stages of a scheme and related issues
- Valuation of companies
Module 6: Cross-border Insolvency
- Introduction to UNICITRAL model law
- The scope of applications
- How to interpret UNICITRAL model law
- Recognizing the schemes of arrangement
- The objective of cross-border insolvency
- History of cross-border insolvency
- General overview
- Mechanics of cross-border insolvency
Module 7: Foreign Debtors
- Additional protections
- The automatic stay
- Debtors in possession of financing
- The relief in an automatic stay
- Litigation regarding available relief
- Notable litigation arising
- Areas of potential improvement in litigation
Module 8: The Cross-Border Insolvency Regulations
- Implementation of cross-border insolvency regulations
- Relationship between the regulations and other bases of recognition and assistance
- Effects of recognition
- Cross-border cooperation
- The key definition of the cross-border insolvency regulations
- Commencement of concurrent proceedings and coordination of relief
- Important guidance of UNICITRAL
- Foreign proceedings and relief
- Transactions in corporate debt restructuring
- Theories in cross-border insolvency
- Advantages of regulations to corporations
- Choices of regulations
Module 9: Key Drivers In Debt Restructuring
- Different types of loan resolution problems
- Non-performing loans and challenges
- Leveraged loan markets and its current position
- Identifying the triggering in deciding when to restructure
- How to deal with problems of clients that have not defaulted
- Warnings of potential distress
- Different restructuring and recovery methods
- Review of different legislations in restructuring
- Implementing the restructuring process
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Rcademy
Rcademy is a global training and consultation organisation set out to bridge the gap between you now and what you can be in the near future. We are facilitators of knowledge impartation. Our team of established and experienced training enthusiasts...