The Law of Corporate Finance: General Principles and EU Law: Volume III: Funding, Exit, Takeovers

32 3 Reduction of External Funding Needs Ownership of assets after termination. The parties normally agree on what will happen t ...

3.3 Management of Capital Invested in Assets 33 terms (see Volume II) and in cases of fraud.^41 Exclusion clauses can also be bi ...

34 3 Reduction of External Funding Needs For example, IFRS (IAS 17 Leases) make a fundamental distinction between finance leases ...

3.3 Management of Capital Invested in Assets 35 series of regular payments (including an interest charge) and, after repayment, ...

36 3 Reduction of External Funding Needs lease-back are used in cross-border leasing. Cross-border leasing is often tax-driven ( ...

3.3 Management of Capital Invested in Assets 37 was not a sale at all, but rather a secured financing arrangement that was not p ...

38 3 Reduction of External Funding Needs Lease In/Lease Out. There are even other forms of leasing transactions that re- semble ...

3.4 Management of Working Capital 39 3.3.5 Repos and Securities Lending Sale and repurchase arrangements (“repos”) and securitie ...

40 3 Reduction of External Funding Needs and cash management (cash pooling, netting, the use of a payment factory). Inven- torie ...

3.4 Management of Working Capital 41 Size of the firm. Small suppliers are often dependent on a few big customers. In many count ...

42 3 Reduction of External Funding Needs the law on retention of title clauses,^76 and forces Member States to ensure that there ...

3.4 Management of Working Capital 43 ders unnecessary any intermediate proceedings in the Member State of enforce- ment prior to ...

44 3 Reduction of External Funding Needs 3.4.3 Management of Accounts Receivable Introduction One side of the management of work ...

3.4 Management of Working Capital 45 to use their borrowing capacity to play a financial intermediary role for firms that cannot ...

46 3 Reduction of External Funding Needs First, the risk category will be determined on the basis of the customer’s past payment ...

3.4 Management of Working Capital 47 pre-legal action (the monitoring of outstanding accounts, the focus is now on identified c ...

48 3 Reduction of External Funding Needs According to a traditional contract law rule, the seller is not required to hand over t ...

3.4 Management of Working Capital 49 The share of customers paying on or before due date is larger in the Nordic countries than ...

50 3 Reduction of External Funding Needs If the supplier chooses a letter of credit instead of documentary collection, the goods ...

3.4 Management of Working Capital 51 For example, Anglo-American law restricts the use of “penalty clauses”. Anglo-American law ...