The author analyses the efficiency of securitization transactions in light of reduced regulatory costs. The article contains an excellent overview of asset securitization and the footnotes are extremely helpful in providing leads to other resources. 193, Fall, 1995. Discusses potential equitable bases for a court's avoidance of a structured finance transaction under bankruptcy, and discusses challenges to the theory that asset securitization is efficient for the markets. Very good overview of bankruptcy issues.
Footnotes provide excellent leads .
Emphasizes the importance of asking the right types of questions when structuring cross-border transactions, and lists areas that need to be considered, such as as perfection of interest, loan versus sale treatment, commingling risks, preferential transfers, tax issues, and rating agency considerations. This article should be consulted before initiating any investigation into any new cross-border transaction. The footnotes are especially helpful in providing leads to specific areas of inquiry.