Default and rescheduling

the long version

The international financial system is facing a debt crisis of unprecedented proportions. Over 30 countries are now in the process of rescheduling their debts and outstanding liabilities are approaching $350 billion. Apart from the countries in South America, Africa, and Eastern Europe, companies within these countries that have borrowed internationally are also having to reschedule their international debts. This book could not be more timely as it focuses attention al all of these issues. It is written by practicing lawyers and bankers who have day to day experience dealing with international debt problems. Some of the writers like David Suratgar are distinguished lawyer - bankers who have long experience with countries rescheduling their debts.