Corporate Turnaround Conference: Restructuring must offer light at the end of the tunnel
No restructuring option is ideal – but at least the options exist.
It is one of the ironic realities of formal corporate recovery that the process itself adds a significant professional cost burden to the balance sheets of the companies whose legacy debt it is attempting to restructure – money that might otherwise have been used to pay operational costs, rent or in some cases wages.
In recognition of this apparent contradiction, moves have been made to streamline the processes, including the development of “Examinership Lite” and...
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