International Cash Pooling - Cross-border Cash Management Systems and Intra-group Financing
von: Justus Jansen
sellier.european law publishers, 2011
ISBN: 9783866539495
Sprache: Englisch
308 Seiten, Download: 2640 KB
Format: PDF, auch als Online-Lesen
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International Cash Pooling - Cross-border Cash Management Systems and Intra-group Financing
The application of cash management systems has various positive effects on corporate groups. Not only does it enable a corporate group to minimise its expenditure for banking services, but mainly it is an important tool to guarantee for a filled war chest. Only if the maximum financial strength of a corporate group is bundled, a holding company might be able to react quickly enough to market opportunities or threats. While setting up a cash pool in a multinational corporate group all involved jurisdictions must be taken into account.
This book
- provides an overview of the legal requirements of a cash pool system in 15 different countries
- enables the reader to get an idea of the chances and risks which will accompany the cash pool system involving the jurisdictions of his choice
- reflects from a company and insolvency law perspective how to assess the legitimacy of necessary up- and downstream loans, questions of capital maintenance and a potential liability for losses
- alerts the reader to crucial requirements, provisions and points, which are most important to deal with in the chosen configuration for the cash pool system
Readership: Business and bank lawyers, in-house law departments of companies, banks' legal departments.