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Headline: Capital markets seek clarity on insolvency carve-out Source: Euromoney Date: October 2001 Author: Adrian Preston UK proposals on the reform of insolvency procedures take account of the special needs of securitizations. There is, though, uncertainty that all types of such deals are covered. With more corporate failures likely, the publication of the UK government’s white paper on insolvency seems timely. The government has listened to the views of those who believe that the present regime is too pro-creditor and has suggested initiatives designed to move the UK regime towards a more debtor-friendly slant. |
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