netting

set-off in insolvency contexts
Set-off in Insolvency Contexts
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"A set-off in insolvency contexts involves the crossing out of mutual debt obligations between a debtor and a creditor. It can be used in any type of contract; not just financial contracts." Set-Off under the Corporate Insolvency and Restructuring Act,...
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Netting Arrangements in Insolvency Proceedings 1
Netting Arrangements in Insolvency Proceedings
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"Netting arrangements in insolvency allow parties to a qualified financial contract to consolidate their claims and cross out their mutual obligations."   One of the aims of the Ghanaian insolvency regime is to ¬†maximise the returns of the entire creditor...
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