Original scientific paper

Debt conversion and Yugoslav shipping and shipbuilding

Hrvoje Kačić ; Pomorski fakultet, Dubrovnik

Abstract

The author explains the circumstances and identifies the conditions that should be fulfilled in order to achieve implementation of debt conversion. Within the extensive concept of debt conversion differences are defined between the concept of debt conversion and debt exchange.
He refers critically to the draft provisions elaborated within the National Bank of Yugoslavia aiming at legal regulation of debt conversion in SFRY. He supports the application of swappings in the shipbuilding and shipping industry. The author reminds of the negative effects if the discount gained through debt conversion is not directed into revitalization of the Yugoslav economy pointing out that besides shipping and shipbuilding debt conversion may be applied usefully for the development of tourism, agriculture, profitable industry, road constructions, etc.

Keywords

shipping; shipbuilding; debt conversion; swappings;

Hrčak ID:

215879

URI

https://hrcak.srce.hr/215879

Publication date:

27.4.1989.

Article data in other languages: croatian

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