The thesis provides a detailed overview of crisis resolution options available to distressed companies in the Czech legal environment. The work starts by describing the most common causes of corporate distress in attempt to understand the process of decline and define the key steps to prevent crisis in the early stage. We then proceed to discuss the methods of resolution that can be applied in the early pre-bankruptcy stages of distress, including downsizing and divestitures, out-of-court settlement with creditors, mergers with or acquisition by strategic or financial investors, or voluntary liquidations. Further on, the work provides a comprehensive summary of the Insolvency Act, the Czech legislation governing bankruptcy proceedings, concentrating on the option that could preserve business operations of troubled companies -- reorganisation. In the practical part of the thesis, the author evaluates the reorganisation plan of ČKD Kutná Hora, a.s., focusing on the company-specific issues and assessing the viability of the plan according to a number of success and risk factors, as well as the objectives stipulated by the Insolvency Act.

No description available.

When children arc emotionally distressed, their capacity for learning is diminished and their self esteem is lowered. Not only is their behaviour often disruptive, reflecting their inner feelings and frustrations, but their health and wellbeing, physical, psychological, and spiritual is affected. Art is a natural medium of expression for children and provides an emotionally distressed child with a means of self expression, enabling an emotional release, an opportunity for self-exploration, and a means of communication which may not be possible through the normal channel of language. An art intervention program was implemented with a small group of emotionally distressed or withdrawn children at an A.C.T. primary school which holds a humanistic/holistic attitude to health and education. The study was undertaken between May and November 1992 in a first grade integrated classroom, where mainstream children are together with special needs children. The object of the study was to examine if art activities in small groups can provide a combination of personal and group experiences that result in a therapeutic change to the emotional health and wellbeing of the participating children.

Submitted by Lucienne Costa (lucienneferreira@ufcg.edu.br) on 2018-05-11T19:55:40Z No. of bitstreams: 1 NEUSA DE ALMEIDA VICTOR – DISSERTAÇÃO (PPGH) 2017.pdf: 1358756 bytes, checksum: dcc7dbf49c277d754b0a2b7f7a937d01 (MD5) / Made available in DSpace on 2018-05-11T19:55:40Z (GMT). No. of bitstreams: 1 NEUSA DE ALMEIDA VICTOR – DISSERTAÇÃO (PPGH) 2017.pdf: 1358756 bytes, checksum: dcc7dbf49c277d754b0a2b7f7a937d01 (MD5) Previous issue date: 2017-08-02 / Esta dissertação de mestrado tem por objetivo analisar a memória de mulheres de apenados que vivenciaram o cotidiano da prisão de seus companheiros na Cadeia de Araruna – PB, no período que vai de 1998 a 2016. Assim, situamos esta pesquisa nas águas da História Cultural, sendo pensada através da proposta da História do Tempo Presente. Essas mulheres passaram a fazer parte do mundo prisional com a prisão de seus companheiros. A entrada no espaço prisional, através de visitas, envolve procedimentos vexatórios, que são as revistas íntimas, sendo os corpos expostos à nudez, causando constrangimento. Tais visitas são reguladas pela legislação que estabelece o dia e a hora marcada, limitando o tempo para o amor. Na prisão, além do poder institucional, há outros poderes que circulam, a exemplo do poder paralelo, que é um poder da subcultura prisional e que, em alguns casos, é um poder coercitivo, a mulher passa a ser intermediária do mundo fora dos muros, cumprindo ordens e conduzindo objetos proibidos para o interior do espaço carcerário e, em caso de insubordinação, poderão ocorrer represálias. Teoricamente, dialoguei com Michel Foucault e alguns dos conceitos historicamente construídos, a exemplo de disciplina e vigilância. A história dessas mulheres foi possível através da análise das emoções e de suas intimidades. Para tanto, acessamos suas memórias através das entrevistas possibilitadas pela História Oral. / This dissertation aims to analyze the memory of women of distress who experienced the daily imprisonment of their companions in the Araruna - PB chain in the period from 1998 to 2016. Thus, we place this research in the waters of Cultural History, being Thought through the proposal of the History of Present Time. These women became part of the prison world, with the imprisonment of their comrades. The entrance into the prison space through visits went through vexatious procedures, which are the intimate magazines, and the bodies exposed to nudity, causing embarrassment. Such visits are regulated by the law establishing day and time, limiting the time for love. In prison beyond institutional power, there are other powers that circulate along the lines of parallel power, which is a power of the prison subculture and which in some cases is a coercive power and that the woman happens to be the intermediary of the world outside the walls fulfilling orders and Driving forbidden objects into the inner prison space, and in case of insubordination reprisals may occur. Theoretically, I spoke with Michel Foucault and some of the historically constructed concepts such as discipline and surveillance. The history of these women was made possible through the analysis of their emotions and intimacies. To do so, we access his memoirs through interviews made possible by Oral History.

archives@tulane.edu / The overarching argument in this study is that although sovereign distressed debt investors can create holdout problems during the debt restructuring of a defaulting sovereign, the reality is that they remain a linchpin for an efficient sovereign debt market that guarantees the flow of private credit for capital formation in the Global South. In other words, holdout creditors are a bit of a curate's egg, a necessary feature of the sovereign debt markets. They are not the “spawn of the devil”. The presence of distressed debt investors in the market contributes to the liquidity and efficiency of the market. They enable non-litigant investors who would like to sell their debt and exit the market on their own volition to do so. In addition, they tend to put pressure on recalcitrant sovereign debtors who might not be acting in good faith. They therefore possess “nuisance value” that could spur efficiency in the sovereign debt market. In this context, a universal framework for dealing with holdout problems during the debt restructuring of a defaulting sovereign is needed and that is what this study proposes. Such rules can be developed into a soft-law mechanism spearheaded by the International Monetary Fund (IMF). A global normative framework that has elements of nonmarket private standard setting and nonmarket public standard setting, is therefore proposed to address the disruptive and exploitative activities of these creditors in the sovereign debt market. This normative framework would strike the delicate balance between the rights of commercial creditors on the one hand, and interests of sovereign debtors on the other hand, and inject some measure of equity into the process. In summary, this study challenges the contemporary negative and dismissive narratives about holdout creditors, and the assumption and unshaken faith placed on “restructuring or workout of sovereign debt” as the only favored path to alleviating the perennial problem of sovereign default and the attendant debt crises in the developing world. / 1 / MARIA OLUYEJU

Submitted by Matthias Sustek (matthias.sustek@gmail.com) on 2018-08-01T19:40:17Z No. of bitstreams: 1 Matthias-Sustek_Master-Thesis_EAESP_2018_v27.pdf: 753836 bytes, checksum: eaf4a9729cf351ada8c3919e04f85c26 (MD5) / Rejected by Josineide da Silva Santos Locatelli (josineide.locatelli@fgv.br), reason: Bom dia Matthias, Por favor, veja abaixo o que precisa corrigir no seu trabalho e poste novamente: Página 1: Nome da FGV não tem acento em Getulio; Página 2: Faltou o nome no início da página, em “Knowledge Field” deve ser colocada a linha de pesquisa do seu orientador: INTERNACIONALIZAÇÃO DE EMPRESAS, coloque a cidade e o ano no fim da página; Página 3: A Ficha Catalográfica deve ficar no fim da página; Página 4: Falta o seu nome no início da página, retire o acento de Getulio, e Campo de Conhecimento” deve ser a linha do seu orientador: INTERNACIONALIZAÇÃO DE EMPRESAS, em “data da aprovação” coloque a data da defesa: 21/06/2018; Página 6: O título “Acknowledgments” deve ser com letras maiúsculas e no centro da página; Página 7: O título “Abstract” deve ser com letras maiúsculas, sem os dois pontos “:” e no centro da página; Página 8: O título “Resumo” deve ser com letras maiúsculas, sem os dois pontos “:” e no centro da página; Página 9: O título “Table of contente” deve ser com letras maiúsculas e no centro da página on 2018-08-02T12:54:00Z (GMT) / Submitted by Matthias Sustek (matthias.sustek@gmail.com) on 2018-08-04T17:40:18Z No. of bitstreams: 2 Matthias-Sustek_Master-Thesis_EAESP_2018_v27.pdf: 753836 bytes, checksum: eaf4a9729cf351ada8c3919e04f85c26 (MD5) Matthias-Sustek_Master-Thesis_EAESP_2018_v28.pdf: 937804 bytes, checksum: 99ac155b2e1e5b665047453344850ee9 (MD5) / Approved for entry into archive by Josineide da Silva Santos Locatelli (josineide.locatelli@fgv.br) on 2018-08-06T18:26:13Z (GMT) No. of bitstreams: 2 Matthias-Sustek_Master-Thesis_EAESP_2018_v27.pdf: 753836 bytes, checksum: eaf4a9729cf351ada8c3919e04f85c26 (MD5) Matthias-Sustek_Master-Thesis_EAESP_2018_v28.pdf: 937804 bytes, checksum: 99ac155b2e1e5b665047453344850ee9 (MD5) / Approved for entry into archive by Suzane Guimarães (suzane.guimaraes@fgv.br) on 2018-08-07T13:03:37Z (GMT) No. of bitstreams: 2 Matthias-Sustek_Master-Thesis_EAESP_2018_v27.pdf: 753836 bytes, checksum: eaf4a9729cf351ada8c3919e04f85c26 (MD5) Matthias-Sustek_Master-Thesis_EAESP_2018_v28.pdf: 937804 bytes, checksum: 99ac155b2e1e5b665047453344850ee9 (MD5) / Made available in DSpace on 2018-08-07T13:03:37Z (GMT). No. of bitstreams: 2 Matthias-Sustek_Master-Thesis_EAESP_2018_v27.pdf: 753836 bytes, checksum: eaf4a9729cf351ada8c3919e04f85c26 (MD5) Matthias-Sustek_Master-Thesis_EAESP_2018_v28.pdf: 937804 bytes, checksum: 99ac155b2e1e5b665047453344850ee9 (MD5) Previous issue date: 2018-08-01 / Investment in distressed assets, while relatively mature in developed markets, has become more and more common in Brazil in a context of a lingering economic downturn, offering interesting but risky opportunities to domestic and foreign investors. The distressed securities in Brazil are particularly challenging to invest in, a lot of them being deemed worthless in the first place by bigger institutions. Therefore, this research wants to understand how it is possible to create value out of these securities in such a delicate context. However, such subject remains widely unexplored in emerging markets with the literature emphasizing such shortcomings. To cope with the lack of information, this study intends to directly inquire with seasoned professionals in the field of distressed securities in order to obtain the knowledge where it can be found. As a result, the study shows that the market of distressed assets is very singular in Brazil and market participants needed to adapt to the context. Value creation relies on a whole local ecosystem of corporate lawyers, restructuration/turnaround consultants and asset managers. They are able to create value with very special sets of competences, mainly their management of information, their legal expertise and strategic management. / Investimentos em distressed assets ou ativos podres, embora já relativamente maduros em mercados mais desenvolvidos, se tornaram mais e mais comuns no Brasil num contexto de recessão econômica prolongada, oferecendo oportunidades interessantes mas ariscadas para investidores nacionais e estrangeiros. Pode ser particularmente desafiador investir nessos ativos podres no Brasil muitos deles considerados sem valor por grandes instituções. Por essa razão, essa pesquisa pretende entender como é possivel criar valor com esses ativos num contexto tão delicado. No entanto, esse tema é ainda amplamente inexplorado nos mercados emergentes e com uma literatura que coloca em destaque essas lacunas. Para fazer face a esta ausência de informação, essa pesquisa indaga aos profissionais experientes em ativos podres, para obter os conhecimentos necessários. Como consequência, a pesquisa mostra que o mercado dos ativos podres no Brasil é muito singular e os intervenientes do mercado precisam se adaptar ao contexto. A criação de valor depende de um ecossistema local formado por advogados corporativos, consultores em reestruturação/turnaround e gestores de ativos. Eles são capazes de criar valor com um conjunto especial de competências, principalmente a gestão da informação, a experiência jurídica e a gestão estratégica.

O presente trabalho tem por finalidade analisar o problema do financiamento das empresas em crise no Brasil e a disciplina a ele conferida pela Lei n. 11.101/05, com enfoque no procedimento de recuperação judicial. Após uma breve análise das diversas causas da crise empresarial e de possíveis medidas saneadoras preliminares, inicia-se a discussão das premissas constitucionais do tratamento das empresas em dificuldade no Brasil e dos objetivos da lei falimentar em geral, para então ingressar nas soluções adotadas pelo direito brasileiro. Em seguida, tem início o escrutínio do tema central proposto, com destaque para seu escopo e importância, além da identificação dos meios, agentes e modalidades relacionados ao financiamento das empresas em dificuldade. Apresentado um sucinto panorama da matéria no direito estrangeiro, investiga-se o tema à luz do ordenamento pátrio, numa abordagem teórica e prática do financiamento das empresas em crise no Brasil e seus limitadores, assim como possíveis alternativas para mitigá-los. O problema é tratado, ainda, sob a perspectiva da governança corporativa e, por derradeiro, vislumbra-se sua eventual adoção na falência, com escoro no princípio da preservação da empresa, passando-se à conclusão. / The present work has the aim of analyzing the problem of financing for distressed companies in Brazil and the discipline granted to it by Law no. 11.101/05, with focus on the judicial reorganization procedure. After a brief analysis of the various causes of corporate crisis and the possible preliminary aid measures, a debate commences on the constitutional premises of the treatment of distressed companies in Brazil and the goals of bankruptcy law in general, after which the solutions adopted by Brazilian Law are examined. Next, the scrutiny of the proposed theme begins, with emphasis on its scope and importance, as well as the identification of the means, participants and categories related to the financing for companies in difficulties. After the presentation of a brief overview of the matter in foreign law, the same is investigated in light of the national legal system, under a theoretical and practical approach of financing for distressed companies in Brazil and its constraints, as well as the possible alternatives to mitigate them. In addition, the problem is treated from the perspective of the corporate governance and, last, a glimpse is taken into its eventual adoption in liquidation processes, with support in the principle of preservation of the company, culminating with the conclusion.

O presente trabalho analisará o tratamento concedido pela Lei 11.101/2005 na disciplina da alienação de estabelecimento no âmbito do processo de recuperação judicial previsão contida no art. 60 da Lei-, especificamente a importância do trespasse como etapa do plano de salvamento da empresa. Para alcançar este fim, primeiro revisamos alguns conceitos chaves, como patrimônio, estabelecimento e sucessão e o regime legal a que estão submetidos no ordenamento brasileiro, bem como similitudes com legislações estrangeiras. Para além de uma interpretação literal, buscamos abordar o tema através de uma perspectiva finalística e suas implicações econômicas, nos valendo da metodologia da Análise Econômica do Direito. A dissertação está fundada na premissa que a crise econômico-financeira da empresa não se restringe à relação devedor-credores, mas repercute fortemente no mercado justificando, por esta razão, uma visão mais abrangente do problema e a busca de soluções que escapam ao regime comum da disciplina de alienação do estabelecimento, especialmente no tocante à sucessão trabalhista e tributária. A dissertação utilizou precedentes judiciais com a finalidade de demonstrar a interpretação corrente do dispositivo pelos tribunais e sua repercussão perante os agentes de mercado. / The present work will examine the treatment accorded by Law 11.101/2005 concerning the discipline of business transfer under the judicial reorganization provision contained in article 60 of the Law- particularly the importance of business transfer as a step in the company´s rescue plan. In order to achieve this, some key concepts are first reviewed, such as estate, business and successor liabilities, and the legal regime to which they are submitted in the Brazilian system, as well as the similarities with foreign legislation. In addition to a literal interpretation, the issue is addressed through a teleological perspective and its economic implications, using the Economic Analysis of Law. This dissertation is based on the premise that financial economic crisis is not confined to the debtor-creditor relationship, but strongly affects the market, justifying a more comprehensive view of the problem and search for solutions that escape the ordinary rules of asset sale, especially with respect to labor and tax succession liabilities. The dissertation includes judicial precedents in order to demonstrate the current interpretation of the provision by the courts and its impact on market players.

O presente trabalho analisará o tratamento concedido pela Lei 11.101/2005 na disciplina da alienação de estabelecimento no âmbito do processo de recuperação judicial previsão contida no art. 60 da Lei-, especificamente a importância do trespasse como etapa do plano de salvamento da empresa. Para alcançar este fim, primeiro revisamos alguns conceitos chaves, como patrimônio, estabelecimento e sucessão e o regime legal a que estão submetidos no ordenamento brasileiro, bem como similitudes com legislações estrangeiras. Para além de uma interpretação literal, buscamos abordar o tema através de uma perspectiva finalística e suas implicações econômicas, nos valendo da metodologia da Análise Econômica do Direito. A dissertação está fundada na premissa que a crise econômico-financeira da empresa não se restringe à relação devedor-credores, mas repercute fortemente no mercado justificando, por esta razão, uma visão mais abrangente do problema e a busca de soluções que escapam ao regime comum da disciplina de alienação do estabelecimento, especialmente no tocante à sucessão trabalhista e tributária. A dissertação utilizou precedentes judiciais com a finalidade de demonstrar a interpretação corrente do dispositivo pelos tribunais e sua repercussão perante os agentes de mercado. / The present work will examine the treatment accorded by Law 11.101/2005 concerning the discipline of business transfer under the judicial reorganization provision contained in article 60 of the Law- particularly the importance of business transfer as a step in the company´s rescue plan. In order to achieve this, some key concepts are first reviewed, such as estate, business and successor liabilities, and the legal regime to which they are submitted in the Brazilian system, as well as the similarities with foreign legislation. In addition to a literal interpretation, the issue is addressed through a teleological perspective and its economic implications, using the Economic Analysis of Law. This dissertation is based on the premise that financial economic crisis is not confined to the debtor-creditor relationship, but strongly affects the market, justifying a more comprehensive view of the problem and search for solutions that escape the ordinary rules of asset sale, especially with respect to labor and tax succession liabilities. The dissertation includes judicial precedents in order to demonstrate the current interpretation of the provision by the courts and its impact on market players.

Pour répondre à leur difficulté financière, les sociétés commerciales doivent mettre en place des mesures de financement en vue de surmonter les obstacles qu’elles rencontrent. La présente thèse ne porte uniquement que sur le droit du financement des sociétés commerciales en difficulté, sur la possibilité pour ces dernières d'assurer leur sauvetage/rebond dans un contexte financier difficile. Ces dernières disposent de solutions financières qui sont communes aux autres débiteurs. La société commerciale en difficulté est un des débiteurs concernés par les articles L620-1 et L631-2 du Code de commerce et peut donc bénéficier des mesures du droit des entreprises en difficulté qui sont négociées par le dirigeant et/ou son conseil ou bien imposées par le tribunal de la procédure en fonction du contexte. La structure sociale est également une personne juridique avec un régime juridique propre qui s’efface au bénéfice des dispositions du Livre VI du Code de commerce relatives aux procédures préventives et curatives du droit des entreprises en difficulté. C’est pourquoi il existe des outils de financement réservés uniquement aux sociétés commerciales en difficulté. Les mesures permettant de financer ou refinancer une société commerciale ont évolué et continuent d’évoluer pour s’adapter aux innovations juridiques tout en assurant le respect de tous les intérêts en présence / In order to solve their financial difficulties, trading companies need to put in place funding measures to overcome the obstacles they may face. The present thesis discuss about with the financing of trading companies in difficulty, the law applicable and the possibility for them to ensure their rescue/rebound in a difficult financial context. They have financial solutions that are common to other debtors. The distressed trading company is one of the debtors concerned by articles L620-1 and L631-2 of the Commercial code and can therefore benefit from the measures of the insolvency law which are negotiated by the manager and/or his council or imposed by the court depending on the context. The social structure is also a legal person with its own legal regime which is erased to the benefit of the provisions of the Commercial code relating to the preventive and curative proceedings of insolvency law. That is why there are financing tools reserved only for distressed commercial companies. The measures to finance or refinance a trading company have evolved and continue to evolve to adapt to legal innovations while ensuring respect for all interests in the presence