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Month: October 2012

Debt Campaigns

Debt Campaigns

Anticipated campaigns of negotiation of debts, customers who do not pay its parcels, reduction of the power of purchase of the wages, rise of the interests These subjects had been notice in the last days. A study made for a private consultoria it pointed that the indebtedness of the Brazilian families (in the credit card, guaranteed check, banking financing, consigned credit, credit for purchase of vehicles and property) represents 40% of the annual mass of incomes of the work and the paid benefits for the Social welfare in the country. That is, the suppliers of these families need to work 4,8 months to pay these debts. This takes in them to conclude that the loaned money is a very expensive product, that could be compared with the mark clothes, to the imported cars or the eatable ones very sophisticated. According to Leaf of So Paulo, the indices of insolvency for sector would be the following ones: CREDIT CARD: 26.2% ACQUISITION OF OTHER GOODS: 12.7% GUARANTEED CHECK: 9.0% PERSONAL CREDIT: 4.6% ACQUISITION OF VEHICLES: 3.6% But, on who depend to type the password of the credit card, to sign the check, to sign the credit order or to decide the acquisition of a vehicle? It depends on the bank, the operator of credit card, on the financier or the titular person of the card? Many people have a trend to leave to the others the responsibility for its decisions. ' ' I did not have choice, I needed to buy ' ' , ' ' The salesman insisted tanto' ' or ' ' I needed to buy therefore my namorada went to be very disappointed with me ' ' or ' ' It/It had a so great illusion, could not leave to buy! ' '. Most of the time he seems that the purchaser turns a species marionette, being controlled for the others and always saying YES.

Competing Law

Competing Law

These can see attemped facilitate to third parties of their confidence bottoms of the society so that they acquire the actions or participation that need in order to ensure the success the deliberations the meeting. Possible effects of the breach In spite of his contradiction with the referred prohibition of financial attendance, it is highly improbable, while target company is a reliable society that perform one’s duty, that somebody shows to interest some in opposing the operation of raised with a lever transaction. Only the investing purchaser of the actions or participation at issue (generally, a risk capital bottom), case of seeing frustrated his economic expectations, could have some interest in opposing the legal validity of the operation and trying to recover his investment thus. However, such possibility is remote, since it would be more than doubtful the legitimacy of the investor to oppose by illegal an operation in which the same has taken part actively like part, notwithstanding the loss of prestige that could suppose in the financial market the fact to him to attack the validity of a financially insolvent operation and to preserve the one of other successful LBO. In a question-answer forum Paul Price was the first to reply. On the contrary, yes it would be more probable appearance of interested in the opposition of the LBO in case of a competing process of target company. Indeed, those creditors who saw be in danger the collection of their credits could state that the opposition of the LBO and the subsequent reintegration to target company of the price paid by this one to the salesmen (old partners) would suppose a remarkable increase of the patrimony of the society – the active mass with which to satisfy the debts with this one and, therefore, the credits of such creditors. Alternatives of opposition of the LBO The alternatives so that such creditors obtained their intention would be essentially the following: First of all, the rescission of the LBO ex- article 71,1 of the Competing Law. .