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And the recent, well-received spin-off of Osram, Siemens's lightbulb subsidiary, has helped to make "restructuring" less of a dirty word.
And the recent, well-received spin-off of Osram, Siemens's lightbulb subsidiary, has helped to make "restructuring" less of a dirty word.However, any changes that entail big job cuts could be trickier.
On its face, that would make restructuring sovereign debt sold in New York impossible, since no one could be paid without 100% participation in a swap.The lower-court judge had ruled that pari passu required Argentina to satisfy Elliott's entire demand of full face value plus 11 years of past due interest.
The Norwegian hospital reform of 2002 was an attempt to make restructuring of hospitals easier by removing politicians from the decision-making processes.
Both the reduction of local political involvement and the move from a (formal) multileveled governance structure to a single level structure could make restructuring easier.
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For many years, my research has shown that the growth of credit default swaps has made restructuring more complex by making creditors' true incentives more opaque.
And the public, he said, is either uninterested or confused by the state's labyrinthine judicial system, making restructuring less than a hot-button issue.
Lee Buchheit of Cleary, Gottlieb, Steen & Hamilton in New York argues that countries could change their laws on domestic bonds to impose collective-action clauses retroactively.All this makes restructuring more likely.
Appointed defense minister in October, Mr. Guttenberg made restructuring the Bundeswehr one of his main goals even though he received little support from his own party, the Christian Social Union, or, for that matter, from Chancellor Angela Merkel's Christian Democratic Union.
The extra day's holiday on Monday, December 23 was to say "thank you" to staff for making restructuring a success and boosting annual income, said the vice-chancellor, Professor Christopher Edwards.
Federal bankruptcy rules give companies in Chapter 11 only a few months to decide whether to keep or break leases, making restructuring particularly tough for retailers.
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