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The Guide to International Arbitration in Latin America
"It provides guidance that will benefit all arbitration specialists in Latin America, one of the most important regions in the world for international arbitration , drawing on the expertise of highly sophisticated practitioners to draw out trends and give practitioners the tools they need to navigate the arbitration marketplace in the region today."--Back cover.
Latin American Insolvency Systems
"Modern society has eliminated the inhumane debtors' prisons for handling the insolvent debtor and in their stead have enacted benign modern laws in the area of bankruptcy. Unscrupulous merchants now use these benign laws for fraudulent purposes." Based on case studies in Argentina, Brazil, Mexico, and Venezuela, this is the first publication to provide recommendations about the important legal and institutional issues that are involved in bankruptcy reform in a critical region of the global economy. The authors note that effective bankruptcy policy balances several requirements for the conduct of a stable, successful economy. For example, it might be in the greatest interests to all parties if a company is given an opportunity to restructure and make use of the scarce resources remaining in its possession. On the other hand, inefficient firms, especially those that have long survived only on state subsidies, may need to fail in order to free space in the market for more efficient, better-managed companies. Finally, there are the needs to enforce loan contracts and provide an equitable system of debt collection.
Spanish Warships in the Age of Sail, 1700â1860
This book is the latest contribution to a unique series in a common format documenting in great detail the warships of the major naval powers during the age of sail. To date, four volumes have covered the British Navy, two have been devoted to the French Navy and one each to the Dutch and Russian Navies. This volume on the Spanish Navy, for much of its history the third largest in the world, fills the final gap in the ranks of the major maritime powers. This book is the first comprehensive listing of these ships in English and covers the development of all the naval vessels owned or deployed by Spain during the period of the Bourbon monarchy from 1700 to 1860 (including the period of French ...
Coping With the Cold
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Turkmenistan
This study on Turkmenistan is the latest addition to a long and growing series of World Bank publications on land reform and farm restructuring in the former socialist countries of Europe and Central Asia. The present report combines an analysis of the 1998 farm survey overview of general agricultural policies and sectoral performance. Survey results are preceded by a sectoral review and a description of emerging legal framework for land reform and farm restructuring.
Reforming Education in the Regions of Russia
Russia's educational system, with broad access, and high levels of scholarly achievement, has long been a source of strength. The Soviet system, however, was grossly overcentralized, inefficient, and lacking in accountability. In the last decade, attempted rapid decentralization has not been well designed, since there has been no commensurate transfer of resources and levels of responsibility have remained unclear. Unless corrected soon, the harmful impact on educational quality and equity could be very serious. The purposes of this report are to analyze the nature of the current problems and to discuss policy options open to the Russian Government in its efforts to improve educational effic...
Assessment of Corporate Sector Value and Vulnerability
"Once equity has fallen below a certain threshold for a significant period of time, it triggers a suspension of debt payments and distorts incentives for equity holds and managers. But what is a significant period of time? You or I could pay a $10 million annual mortgage payment for a day or two but not two or three months. Similarly, owners and managers can withstand short periods of illiquidity or negative equity but not longer ones. At some point in time, the inability to meet obligations and perception of continued difficulties creates a system-wide breakdown in debt payments." The relationship between the corporate sector and a country's macroeconomy is receiving increased attention fro...
Treasury Reference Model
The World Bank and IMF are placing increasing emphasis on projects aimed at improving the management of public finances. An integrated treasury system forms the backbone for recording and processing all transactions. This book provides a treasury reference model (TRM) to give guidelines for the design of automated treasury systems for governments. It provides detailed flow charts of the functional processes associated with Treasury systems. This book also includes a diagnostic questionnaire that could be used to evaluate country specific requirements as well as a set of sample functional specifications that could be used for procurement and/or development of the application software that would be required to implement these systems.
Telecommunications Legislation in Transitional and Developing Economies
This paper examines the design of telecommunications legislation in countries with transitional and developing economies (TDCs) engaged in liberalising and privatising their telecommunications sectors. It attempts to synthesise good practice and is intended to be used as a tool for legislative drafting. The main purpose of the paper is to highlight some of the issues which policy makers and legislators in TDCs may wish to bear in mind. The paper has three components. The first section outlines the scope and underlying principles of telecommunications legislation; the second section outlines the regulatory imperatives of telecommunications legislation and the third part, the annex, contains framework telecommunications legislation.
