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Priority and rescue financing in the Commonwealth Caribbean : lessons from the United States of America, United Kingdom and European Union.

Ashby, Lana (2014) 'Priority and rescue financing in the Commonwealth Caribbean : lessons from the United States of America, United Kingdom and European Union.', Commonwealth law bulletin., 40 (2). pp. 317-340.

Abstract

In investigating the operation of the rescue culture in the Commonwealth Caribbean as compared to the United Kingdom administration regime and Chapter 11 of the United States Bankruptcy Code, this paper laments that the Commonwealth Caribbean and the USA fail to consider key issues of post-petition priority for finance. It also delves into a critical, but overlooked, pillar of strong rescue frameworks: access to finance. Taking guidance from the European Union framework on state aid and the UK Funding for Lending and National Loan Guarantee, the author proposes a fair, transparent and efficient framework encompassing state involvement and state-driven private sector engagement.

Item Type:Article
Full text:(AM) Accepted Manuscript
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Status:Peer-reviewed
Publisher Web site:http://dx.doi.org/10.1080/03050718.2014.899917
Publisher statement:This is an Accepted Manuscript of an article published by Taylor & Francis Group in Commonwealth Law Bulletin on 14/04/2014, available online at: http://www.tandfonline.com/10.1080/03050718.2014.899917.
Date accepted:No date available
Date deposited:05 October 2015
Date of first online publication:April 2014
Date first made open access:No date available

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