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The reasons include the increasingly complex capital structures seen in modern corporations, which not only increase the complexity of the reorganization directly but also motivate distressed debt investors who are engaged in increasingly complex trading strategies.
Why Do Bankrupt Firms Have Such Complex Capital Structures?
For him, these are long-lived, complex, capital assets.
Corporate bankruptcies often involve fragmented, complex capital structures marked by layers of debt and many subsidiaries.
Complex capital structures are prevalent in many recent high-profile Chapter 11 bankruptcy cases.
The growth of more complex capital markets and a global economy also created much larger financial institutions.
Similar(36)
All proposals entail complex capital-intensive efforts that would take years, require government support in the form of loan or price guarantees, and almost certainly cause political brawls — since everyone wants low-cost natural gas, but no one wants the pipelines or shipping terminals nearby.
Deloitte said: "The continuing defaults are due to the asset's complex, multicurrency capital structure.
These interactions create specific innovation management problems for companies developing complex, systemic capital goods.
The real issue for the fund industry will be whether the report is persuasive to Mr. Spitzer, who has already forced one big fund complex, Alliance Capital, to reduce its future management fees.
Other Co-op directors Duncan Bowdler, Peter Harvey and Bob Newton are also stepping down from the board of the bank which is to have a stockmarket listing as part of its complex £1.5bn capital injection.
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