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A collective action clause (CAC) allows a supermajority of bondholders to agree to a debt restructuring that is legally binding on all holders of the bond, including those who vote against the restructuring. Bondholders generally opposed such clauses in the 1980s and 1990s, fearing that it gave debtors too much power.
∙Establishment of the "Business Credit Risk Assessment System" for each bank in March 2001 [35] ∙Enactment and enforcement of the Corporate Restructuring Promotion Act in July 2001 [35] The spread of qualitative changes in the corporate sector ∙The spread of cash flow, profitability, and shareholder-centred management climate [36]
Krupp's business over-expanded, and had to take a 30m Mark loan from the Preußische Bank, the Bank of Prussia. Danatbank: Germany: 13 July 1931: Banking: At the start of the Great Depression, after rumours about the solvency of the Norddeutsche Wollkämmerei & Kammgarnspinnerei, there was a bank run, and Danatbank was forced into insolvency.
Rogernomics, however, has been credited with a number of other positive impacts on the New Zealand economy: [54] inflation, which had reached a high of 17.15% in 1980, has been in single digits every year since the end of Douglas' tenure as finance minister; [55] and income tax rates were halved, [54] while gross national income per capita ...
Business ethics operates on the premise, for example, that the ethical operation of a private business is possible—those who dispute that premise, such as libertarian socialists (who contend that "business ethics" is an oxymoron) do so by definition outside of the domain of business ethics proper.
America Online CEO Stephen M. Case, left, and Time Warner CEO Gerald M. Levin listen to senators' opening statements during a hearing before the Senate Judiciary Committee on the merger of the two ...
Thirty-five years ago, users heard the infamous dial-up sound for the first time. The '80s were a decade defined by major technological innovations, big hair, cult-classic movies and the start of ...
Restructuring or Reframing is the corporate management term for the act of reorganizing the legal, ownership, operational, or other structures of a company for the purpose of making it more profitable, or better organized for its present needs.