The Rescheduling of Indebtedness of Large Israeli Companies
2013 was the year when repayment obligations finally caught up with some of Israel’s largest corporate borrowers.
Israel, Banking, Company & Commercial, Insolvency & Restructuring, Herzog Fox & Neeman, Bond (finance), Shareholder
Parent company guarantees and performance bonds are typically used in the construction and engineering industries to provide a developer with some security in the event that the contractor breaches the building or engineering contract or, in some circumstances, upon the contractor's insolvency.
In the current economic climate, contractor default is, unfortunately, even more prevalent in the construction and engineering industries, and so the issues surrounding parent company guarantees and performance bonds are very much in focus for developers.
United Kingdom, Construction, Insolvency & Restructuring, Shepherd and Wedderburn LLP, Bond (finance), Surety, General contractor, Independent contractor, Breach of contract, Balance sheet, Default (finance), Parent company, Association of British Insurers