A deal was finally reached in June 1998 on the restructuring of interbank debt, corporate debt and trade credits.

In particular, the issuance and subsequent repayment of external debt can account for large swings in such liabilities.

Local currency government debt markets have performed fairly well during the crisis, while local currency corporate debt markets have played a more modest role as a vehicle for longer term finance. This suggests that domestic reforms aimed at reducing issuance costs, improving disclosure requirements, enhancing creditors rights frameworks, and tackling other inhibiting factors could bring high returns.

Poor s found that, a year later, these firms total debt amounted to 14.2 trillion, eclipsing the 13.1 trillion of outstanding debt in the United States and making China the world s largest issuer of corporate debt.

The Government followed up on the debt restructuring by directing the banks to arrange corporate restructuring of distressed indebted firms.

Issuance

The most reasonable comparison is with Latin American countries during their debt crises in the 1980 s and 1990 s. Despite significantly lower debt GDP ratios and continuous debt restructuring, they eventually needed the large debt reduction that came with the issuance of Brady bonds to achieve some breathing room.

How is that possible? As corporate finance experts have been saying for 30 years, having too much debt and too little equity is costly, so reducing the face value of debt can sometimes benefit not only equity holders, but also debt holders.

By and large, experience supports this method. Indeed, the huge expansion in emerging market domestic debt issuance in recent years has helped reduce market tensions (though continuing reliance by corporates on foreign debt still leaves many countries vulnerable).

(c) Issuance of

Issuance of summary records

Issuance of Procurement Manual

Grundsatzkommission Corporate Governance (German Panel for Corporate Governance) (2000). Corporate Governance Rules for German Quoted Companies.

Argentina s interests and those of its creditors were thus aligned both wanted growth. It was the equivalent of a Chapter 11 restructuring of American corporate debt, in which debt is swapped for equity, with bondholders becoming new shareholders.

The role of the corporate sector, and corporate strategies

Travel documents and issuance systems

Issuance of certified emission reductions

Issuance of tCERs and lCERs

Issuance of completed revision awaited.

sponsors a monthly advocacy project of contacting governments and global institutions regarding timely UN issues, e.g. fair trade, human rights, environmental issues, debt relief, corporate responsibility, etc.

Statement on Global Corporate Governance Principles. International Corporate Governance Network.

IMF staff have produced a number of reports on corporate insolvency, bank insolvency and the restructuring of unsustainable sovereign debt, including Orderly and Effective Insolvency Procedures Key Issues (1999) (analysing major policy choices to be addressed in the design of an effective corporate insolvency system).

It was noted that improving the ratings of debt issuance to investment grade by securitization and other mechanisms could lead to opening the door to large global pools of institutional investment.

Corporate strategy

Corporate responsibility

Revised Statement on Global Corporate Governance Principles. International Corporate Governance Network.

Finance Committee on Corporate Governance (2000). Malaysian Code on Corporate Governance.

During the period under review, there has been a continued drive to expand financial markets, particularly the issuance of international debt and equity instruments by both the public and the private sector.

Both are cases of severe economic crisis, to be sure. But the eurozone s problems stem from high levels of government debt, while South Korea faced massive capital flight and a collapsing currency and almost all of the debt was in the corporate sector.

6320 Suspension of issuance of licences

Recommendation 4 Timely issuance of documentation

Protocol requirements for issuance of passes

(iv) Electronic, audio and video issuance.

Corporate Governance Committee (2004). The Belgian Code on Corporate Governance ('Lippens Code')

Committee on Corporate Governance (1999). Code of Best Practice for Corporate Governance.

Corporate specific reasons.

Initiative Corporate strategy

Corporate fund raising.

Corporate criminal liability

Corporate criminal liability

Corporate leaders realized that economic incentives accrued from being a good corporate citizen.

Date of issuance of pre session documentation

Issuance of standing invitations to special procedures

Issuance of standing invitations to special procedures

Issuance of standing invitations to special procedures