- Bech-Bruun News
- 12 October 2012
Bech-Bruun contributes to ”Cash Pooling and Insolvency” handbook
Carsten Ceutz, Morten Krogsgaard and Arne Riis have contributed to ”Cash Pooling and Insolvency: A Practical Global Handbook”, published by Globe Law and Business.
Cash pooling is a hot topic in today’s globalised era. It is necessary for corporate officers, directors, lawyers, bankers and financial institutions to understand how cash pooling works in their own jurisdiction and in situations involving cross-border financial relationships. Cash pooling is particularly relevant in circumstances where a corporate group has gathered its assets in a single corporate entity or bank and debt enforcement or reconstruction/insolvency proceedings are instigated against one or more corporate entities, for example, the aforementioned single corporate entity or bank.
The handbook discusses the practical and legal aspects and effects of cash pooling agreements in and between 19 European jurisdictions, as well as Argentina, Australia, Brazil, Canada, China, Japan, Mexico, South Korea, Switzerland and the United States. It also discusses the implications of the insolvency of any of the parties involved in a cash pooling arrangement.
Carsten Ceutz, Morten Krogsgaard and Arne Riis have authored the chapter in the handbook describing cash pooling arrangements in Denmark. The chapter addresses, among others, the types of cash pooling agreements available in Denmark, the legal requirements imposed by Danish legislation with respect to cash pooling agreements and the consequences of the insolvency of various parties in cash pooling arrangements.
You are able to buy this book at Globe Law and Business homepage