Receivables can play a role in a region's recovery; securitizations could help many Asian countries if jurisdictions become friendly to the concept
Article Abstract:
Securitization, a financing vehicle enabling the issuance of limited-recourse securities backed by discrete pools of receivables, represents a financing vehicle which can play a significant role in the Asian economic recovery. Hong Kong is probably the most securitization-friendly country in the region as its law is based substantially on English law and its legal framework is well developed in all areas. None of the securitization transactions undertaken starting in 1997 in South Korea closed due to the country's economic and currency crises. Securitization in Japan, the Philippines, China and other Asian countries are considered.
Publication Name: The National Law Journal
Subject: Law
ISSN: 0162-7325
Year: 1998
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How to value goodwill as marital asset; most jurisdictions will treat law practices as marital assets; there are five generally recognized methods of assessing goodwill
Article Abstract:
Attorneys divorcing their partners must value their law practices as marital assets. Most jurisdictions view the law practice as a marital asset, but a court's view of how the goodwill component of a law practice should be valued can play a significant part. In some jurisdictions, the terms of the buy-sell or partnership agreement can determine the goodwill value on divorce. For jurisdictions in which many factors determine the goodwill value, the divorcing attorney's and the law firm's records, many of which may be confidential, may nevertheless be discoverable in a divorce suit.
Publication Name: The National Law Journal
Subject: Law
ISSN: 0162-7325
Year: 1998
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Contingency law firms can rate partner shares; the partner's interest in the firm can be measured by his or her profit at the time of valuation
Article Abstract:
Contingency-case law firms are growing apace and one issue in this growth is the valuation a partner's interest in the firm when such partner leaves the firm voluntarily, or for some involuntary reason. This issue is most critical in law firm governance agreements but also in judicial rules on valuation disputes between law firms and their departed partners. A model solution would be treating all open cases as an unbundled portfolio. This would allow fair measurement of the full asset-liability potential of these cases. This solution is discussed in some detail.
Publication Name: The National Law Journal
Subject: Law
ISSN: 0162-7325
Year: 1996
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