July/August 2021
Feature Article
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Germany Offered Swift and Effective Pandemic First Aid
From an economic perspective, Germany has weathered the pandemic quite well until now—at least if success is measured in low unemployment and insolvency figures. How that was achieved, what changes were made to the German legal restructuring framework, and what may follow after the national elections are summarized in this article. Following the outbreak of […]
More from this Issue
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Faced with a Global Pandemic, Restructuring Professionals Worldwide Adapted
I sit writing this column at a desk looking out over the sea in Port Erin, Isle of Man. After 15 months of restrictions, I am once more finally at my mother’s home and, as the place I grew up, in my “hometown.” If all goes well, day-to-day life on the Isle of Man is a […] -
A World of Opportunity
This edition of the JCR is about issues that affect our global economy with a focus on international content. Beyond that, however, it is a reminder of the global presence and power of the TMA brand throughout the world, with our international reach growing every day. This past year, our international footprint grew, and those […] -
Ho, Ho, Ho! Who’s Ready to Go?
Remember the anticipation you felt as a child for that holiday morning for which you waited all year? I know I am not unique in that one of my favorite memories is the anticipation of the holidays in my childhood home. And like most parents, it is just as special to relive those moments through […] -
Germany Offered Swift and Effective Pandemic First Aid
From an economic perspective, Germany has weathered the pandemic quite well until now—at least if success is measured in low unemployment and insolvency figures. How that was achieved, what changes were made to the German legal restructuring framework, and what may follow after the national elections are summarized in this article. Following the outbreak of […] -
Pandemic Fallout Fuels Growing Use of UK’s New Restructuring Plan
A week is often described as a long time in politics, and so also, it seems, in the restructuring market. In May, one week alone saw significant strides forward with: The judgment of Mr Justice Snowden in Virgin Active—the first contested showdown of the new Restructuring Plan, pitting the power of cross-class cram down by the plan […] -
The Impact of COVID-19 on Restructurings in Singapore, Hong Kong, and China
In the wake of the novel coronavirus (COVID-19), there has been significant disruption to the global economy. With lockdowns implemented, demand for goods and services has dropped drastically, and production and provision of services have slowed. Social distancing measures and travel restrictions put in place to contain the spread of the virus have caused serious […] -
The Impact of COVID-19 on Cayman Islands Restructurings
The long-term global impact of the COVID-19 pandemic will be far-reaching. It has already led to a significant drop in economic activity across the world, with certain industries, such as aviation, retail, hospitality, and tourism, being particularly affected. The Cayman Islands is home to one of the world’s leading financial centres. Its tax neutral status, […] -
Smooth Landing for Norwegian Air Group in Irish High Court Cross-Border Restructuring
On 26 May 2021, the Norwegian Air Group successfully completed its global restructuring, which began in the Irish High Court on 18 November 2020. At the commencement of the restructuring, the group was one of the largest low-cost airline carriers in Europe and among the 10 largest in the world. It was forced into a […] -
The New Normal: Impact of the Global Pandemic on U.S. Restructurings
The U.S. experienced the lowest total number of bankruptcy filings since 1986 last year, including individuals filing for bankruptcy, a somewhat surprising statistic given the devastating impact of the pandemic-driven shutdowns across the United States and around the world. Bucking that trend, Chapter 11 filings, which most U.S. businesses use to effect in-court restructurings, rose […] -
Retail’s Next Wave of Challenges: Inflation, Labor, and Supply Chain
In recent months, retailers seem to be on a stronger footing but continue to face challenges spurred by the impacts of the pandemic. These impacts—labor shortages, supply chain issues, unpredictable inventory levels, and inflation—have created a rocky terrain for the retail landscape. By proactively understanding and addressing these issues, retailers can increase their chances of […] -
Recent Delaware Decision Affirms Utility of Consent Rights Partners LLC
Anyone who is considering lending to, investing in, or partnering with a company must also consider how to protect their interests and rights after the transaction closes. How can a lender, investor, or partner ensure that its funds or other contributions are being used only as intended, particularly when the company is not under direct […] -
Adding DE&I to the Turnaround Toolkit
At the core, the overarching goal of every turnaround or corporate restructuring, whether in or out of court, is to maximize enterprise value. When determining how best to accomplish that objective, enterprise leaders, together with their advisors, evaluate a variety of operational, legal, and financial levers. Now, more than ever, human capital should be one […] -
Getting It in Gear: Alan J. Brody
Q: How did you gravitate into turnaround/restructuring work? Brody: I graduated from the University of Delaware with a degree in accounting and immediately joined the audit department of a large accounting firm. At that point, I was fascinated with the various economic and operational issues faced by our clients. Wanting to expand my horizon, I […] -
Newcomers: July/Aug 2021
Alabama Stuart Memory, Memory Memory & Causby LLP Brian Van Fleet Arizona Joel A. Legoretta, Sunflower Bank, N.A. Julie L. White, Total Lender Solutions LLC Atlanta Tiffanie Barriere Joshua Bichovsky, Emory University Shannon Forshay, Emory University Donald C. Hilbert, Titan Asset Management Jared Lightner, Triumph Business Capital Australia Jessica Sydney, FTI Consulting California – Northern John Seeley, Acrius Capital […] -
Milestones
Greg Charleston has joined KPMG’s Deal Advisory Restructuring team. He brings more than 30 years of experience in turnaround and M&A, specifically working with financially troubled or underperforming companies to address liquidity issues, develop cost containment programs, implement process improvements, and improve profitability. Sydney J. Darling has joined Porzio, Bromberg & Newman P.C.’s Bankruptcy and […]
Snapshot Article
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