Assignment of Debt in UK Law

  • Islamic financial institutions: conduits for money laundering?
    • No. 23-2, May 2020
    • Journal of Money Laundering Control
    • 285-295
    Purpose: The purpose of this paper is to discuss various situations in the Islamic financial services industry that are asserted to facilitate money laundering and the counter-arguments to the asse...
    ... ... Further, it is said that hawalah, namely,acontract of transfer of debt, which is permissible under the Islamic commercial law[12],facilitates ... In essence, hawalah is a transfer or assignment of debt from an assignor to an assignee,which results in the debt of the ... ...
  • Workout management of non‐performing loans. A formal model based on transaction cost economics
    • No. 26-1, February 2008
    • Journal of Property Investment & Finance
    • 59-79
    Purpose: The German banking sector has recently been facing high real estate loan default rates resulting in the accumulation of a high volume of distressed real estate debt in the banks' balance s...
    ... ... in the accumulation of a high volume of distressed real estate debt in the banks’ balancesheets. As a consequence, German banks are ... The implication of banking secrecy and assignment of debt innon-performing loan transactions is also addressed by Cahn ... ...
  • Debt Management
    • Part II. Actions and Responses
    • Stop Vulture Fund Lawsuits
    • Poornimah Devi Sookun
    • 63-71
    5.1 What is public debt management? - 5.2 Why is public debt management important? - 5.3 How to achieve effective debt management - 5.4 Identifying loans which are targets for vulture funds
    ... ... • Study those loan agreements and check assignment clauses, law that is applicable to the contract, sovereignty issues, pari passu clauses, and other terms and conditions of the contract as identified ... ...
  • REMEDIES OF BUILDING SUB‐CONTRACTORS AGAINST EMPLOYERS
    • No. 46-4, July 1983
    • The Modern Law Review
    ... ... a collateral undertaking guaranteeing the contractor’s debt, but to a direct undertaking to pay the supplier direct. In ... Such a debt may be the subject of a legal assignment, indicating that there must be a debt presently in existence.62 ... ...
  • Lawsuits
    • Part I. Briefing
    • Stop Vulture Fund Lawsuits
    • Poornimah Devi Sookun
    • 25-47
    3.1 Legal defences available to a sovereign debtor - 3.2 Legal arguments supporting vulture fund claims - 3.3 Effects of lawsuits
    ... ... indebtedness of the HIPC countries by forgiving their outstanding debt would be the best option for avoiding litigation. But in the real world, ... vulture fund claims in court, such as pari passu clauses, assignment clauses and garnishee orders (Section 3.2); ... • The effects of ... ...
  • The Impact of Thin‐Capitalization Rules on External Debt Usage – A Propensity Score Matching Approach
    • No. 76-5, October 2014
    • Oxford Bulletin of Economics and Statistics
    Thin‐capitalization rules (TCRs) aim at limiting the tax advantage of internal debt financing by restricting the tax deductibility of the corresponding interest expenses. This article examines how ...
    ... ... of TCR treatment, treated and untreated subsidiaries will most likely differ in other characteristics apart from treatment status, and assignment to treatment and control group will not be random. For in- stance, financially constrained or financially distressed firms may hav e a higher ... ...
  • Responding to Lawsuits
    • Part II. Actions and Responses
    • Stop Vulture Fund Lawsuits
    • Poornimah Devi Sookun
    • 73-83
    6.1 Negotiation - 6.2 Contractual terms - 6.3 ‘Name and shame’ campaigns - 6.4 Legal support for sovereign debtors
    ... ... By refusing to participate in the debt restructuring process, vulture fund creditors prefer to opt for court ... CACs are often used in UK and Luxem -bourg bonds ... Assignment clauses ... It is essential to include a proper assignment clause which ... ...
  • The Growth of Debt and the Debt of Growth: Lessons from the Case of Argentina
    • No. 44-1, March 2017
    • Journal of Law and Society
    Argentina's case is a ‘game changer’ in the discussion about sovereign debt across the globe, particularly regarding debt restructuring. This article reviews Argentina's sovereign debt and economic...
    ... ... flows channelled to expand the real economy or conduct public works could be a positive intertemporal assignment of resources, if they are limited in volume and bring about repayment capacity. In conclusion, despite Argentina's own shortcomings, its debt ... ...
  • Real estate market dynamics during capital market imbalances
    • No. 29-4/5, July 2011
    • Journal of Property Investment & Finance
    • 359-371
    Purpose: The major purpose of this paper is to refocus the appraisal profession on estimating value rather than explaining price. The appraisal profession itself encompasses many disciplines of val...
    ... ... This is where the realdanger lies as every appraisal assignment requires a somewhat unique situationdemanding a properly employed thought ... many investment opportunities, real estate purchases use debt and equity capital.Unlike many other assets, however, real estate assets ... ...
  • SIMPLE RULES, FISCAL POLICY and WEALTH TARGETS IN A MONETARY UNION. AN ALTERNATIVE TO THE MAASTRICHT GUIDELINES
    • No. 41-4, November 1994
    • Scottish Journal of Political Economy
    ... ... prevent the accumulation of excessive stocks of public debt. On the other hand, it has been claimed that they are needed ... UNION 373 We do not rank the performance of each assignment according to a formal loss function, ’ instead we stress some ... ...
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