But the buyback can succeed only if the market perceives it as the last chance before a unilateral debt restructuring. In other words, a successful buyback is a preamble to default.

The latest package to cope with Greece s insolvency offers a bond buyback to lighten the country s debt burden.

For example, the monarch cannot impose and collect new taxes such an action requires the authorisation of an Act of Parliament.

Howard s government also implemented a rigorous buyback policy, to enable the government to purchase guns already owned by the public.

The two requests on hold seek authorisation for access to frozen funds for the same individual, including for the payment of legal expenses.

Bolivia s 1988 buyback of close to half of its defaulted sovereign debt, an operation funded by international donors, is a classic example.

A compendium of academic works on the option buyback issue is included in the study Scandal by author M. Gumport issued in 2006.

According to the Trade Unions Act, persons have the right to form trade unions freely, without prior authorisation, and to join or not to join trade unions.

If the threshold spread is set reasonably high in order to achieve a significant discount, the stock of debt retired by the buyback would be marginal.

A debt buyback is something of a Catch 22 to succeed in inducing a haircut, it needs to profit from the default fears that it intends to alleviate.

A debt buyback is something of a Catch 22 to succeed in inducing a haircut, it needs to profit from the default fears that it intends to alleviate.

These means can be used only subject to a prior written authorisation by the lawful judge, and only for as long as it is necessary, but for not more than six months.

Activities carried out on the Italian territory and transfers to CWC States Parties not prohibited under Part VI of the CWC Verification Annex are conditioned to authorisation by the Italian Ministry of Productive Activities. Italian Law n.

After all, by capping spreads, the buyback facility would limit the downside risk while providing incentives to hold the bonds and wait for the upside a good reason, perhaps, to make the facility a temporary offer.

The lawful judge who has authorised the use of the means of electronic surveillance can, on a new motion, extend the aforesaid period by a maximum of another six months that start running as from the date of new authorisation.

Conditions for gun ownership in Australia are now very strict, and the registration and approval process can take a year or more. Howard s government also implemented a rigorous buyback policy, to enable the government to purchase guns already owned by the public.

To speed things up, after the default was declared in December 2008, Ecuador completed the buyback with an inverse auction for the remaining bondholders, to be settled in cash rather than a regular exchange in which the legality of undercover purchases was likely to be questioned.

has used a conformity mark, a declaration of conformity, or a conformity certificate without authorisation or deceptively, has placed on the market or distributed specified products without a declaration of conformity, conformity certificate or without marking specified products with conformity mark, or has placed a product on the market unlawfully, has failed to comply with the terms of a protective measure.