Jusef Khamlichi

From Collateral Enforcement to Non-Liquidative Deleveraging: A Macroprudential Ownership-Conversion Protocol for Concentrated Equity Lending

This paper proposes an ownership-conversion protocol for equity-collateralized lendingunder concentrated ownership. It does not present appropriation, foreclosure, title transfer,or debt-for-equity conversion as new legal devices. Those elements are already present incollateral l...