Property-related debt: a map of the minefield

Article Abstract:

Property company debt restructuring entails careful management ensuring that the numerous pitfalls are avoided. Although leaving the debt outstanding while extending the payment terms is a likely solution, it is preferrable to settle the old debt and create another one to prevent legalities including sections 238, 239 and 245 of the Insolvency Act 1986. Under the restructuring, the company is asked for new security, charges on rental streams, new floating charges or inter-company guaranees. In cases when other creditors file a petition for a winding-up, the restructuring will be voided forcing the lender and borrowing to pay the other creditors. When restructuring is not possible, the lender is advised to take the loss early. Recycling, requiring a new partner or borrower, is also recommended so that an old debt can be erased and a new one created. Lastly, the property can be sold to a subsidiary of the lender, thereby, bringing the asset into the lender's group and the debt ended.

Management, Debt financing (Corporations), Debt financing, Debtor and creditor

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Flexibility and the food industry's future

Article Abstract:

The food and beverage industry in the European Community (EC) is an important sector, accounting for over 17% of all turnover in the manufacturing sector. The industry is not well positioned to take advantage of the single European market of 1992 because most of the industry is focused on national frontiers. Over 80% of the food processed in the EC is consumed in its country of origin. This is a result of national tastes in food and beverages and transportation problems exacerbated by the perishable nature of many food stuffs. There have been over 400 mergers in the food and beverage sector in the last two years, and there have been many cross-border acquisitions as some EC food retailers are attempting to enlarge their presence by either acquiring companies, developing domestic companies, or making arrangements with other retailers.

Europe, Economic aspects, Food industry, Beverage industry, European Union, Single European market

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