DISTRESSED DEBTTRADING:
UNDERSTANDING INTERNATIONAL
AND DOMESTIC SECONDARY MARKETS
Author: Karol K. Denniston
...the definitive
resource examining ali issues facing the setter and buyer trading in distressed debt, both
internationally and domestically, ft is an invaluable guide that provides a step by step
analysis of the entire process the forms a/one are worth the price of the book. The
Law Offices of Herts, Scdfom & Carelsky, P.C.
This is the first book to
provide an in-depth analysis of debt trading for traders, lawyers and financial advisors.
The book discusses international distressed debt trading and the developing standards of
practice and documentation which accompany the different trading platforms worldwide. The
insolvency issue which underlies this trading is also examined, with particular regard to
the US and UK markets.
Divided into four detailed
sections this comprehensive book discusses topics including:
-
bid and pricing letters, timing of trade confidentiality agreements, due diligence and the
negotiation of terms;
-
the documents used in trade by members of the loon Syndication and Trading Association;
-
the legal issues of trading such as bankruptcy claims in the US and UK law on loan
syndication and participations;
-
the issues that arise in cross-border trading; and
-
alternative dispute resolution and international bankruptcy developments.
An invaluable and practical
analysis that will provide readers with an in-depth knowledge and understanding of
distressed debt trading.
279 pages