Latest Breaking News On - Transportation industry group - Page 3 : comparemela.com

To bid or not to bid: Credit bidding in vessel sales pendente lite Credit bidding is the process whereby a lender, with a secured charge over a borrower’s asset, bids on that asset using the very debt that is owed by the borrower to the lender. The circumstances are usually foreclosure of a lending position against a borrower. In the maritime sector, this process often takes place in the context of forced judicial sales of vessels pendente lite (i.e., during the course of litigation) and frequently before judgment is obtained against the borrower shipowner. However, why would or should the secured lenders be bidding on a distressed asset in the first place? How does the process work, where can it be done, and who might object?

South africaUnited statesReed smithReed smith transportation industry groupUnited states district courtWestern districtAsset financeTransportation industry groupஒன்றுபட்டது மாநிலங்களில்நாணல் ஸ்மித்நாணல் ஸ்மித் போக்குவரத்து தொழில் குழுஒன்றுபட்டது மாநிலங்களில் மாவட்டம் நீதிமன்றம்மேற்கு மாவட்டம்சொத்து நிதிபோக்குவரத்து தொழில் குழு