November/December 2020
More from this Issue
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Rising from the Ashes of the Pandemic
Since the enactment of the U.S. Bankruptcy Code in 1978, there have been myriad economic cycles that have necessitated modifications in the way lending and restructuring communities operate, but nothing like the changes required by the onset of the coronavirus pandemic. This month’s JCR touches on the systemic changes the pandemic has brought to our […] -
Innovating When It Matters Most
As 2020 comes to a close, we look back on a year that started much differently than it will end. It started with a high at the 2020 DIC and in a strange twist of unexpected fate, will close on an even higher note because of TMA Innovation. Few words can express my gratitude to […] -
What a ‘Highlight’ Reel 2020 Has Provided
One of my favorite pastimes at the end of the year is perusing retrospective reviews of noteworthy and historical events from the prior 12 months. Even back when I was in elementary school, I loved to review the various Top 10 lists on television and radio (the internet was not quite a thing yet) at […] -
The 2020 Pandemic: A Corporate Life Cycle Accelerant
The road paved by COVID-19 appears to be a long and winding one for turnaround professionals. Unlike other recessions, where life eventually returns to the way things used to be, the pandemic recession will lead to significant changes in individual and societal behavior that remain long after it’s gone, impacting businesses from Main Street to […] -
Lenders Are Writing Their Pandemic Playbook in Real Time
While dealing with the personal and medical issues associated with the COVID-19 pandemic, few fully appreciated the global economic impact the health crisis would cause or what the “quick” solution would be to put the world economy back on sound footing. While the medical community dealt with the initial wave of illnesses and grappled with […] -
Why Rent Is Such a Contentious Issue in Bankruptcy During the Pandemic
Rent has presented a complicated puzzle during the pandemic for numerous landlords and tenants, and the solutions—inside and outside of Chapter 11—have been unconventional. As foot traffic evaporated due to restrictions prompted by health and safety regulations, and revenue fell precipitously as demand declined, consumer-facing storefront businesses struggled to make rent payments as early as […] -
Views from the Bankruptcy Bench: The Virtual Courtroom
The COVID-19 pandemic has brought about dramatic economic and social change in the world, most particularly in human behavior, due largely to concerns about the threat to human health. The restructuring community has been no less affected, and U.S. Bankruptcy Courts have not escaped the wave of change. Recently, four prominent U.S. Bankruptcy Court judges, […] -
Employee Culture: The Hidden Transformation Lever
Peter Drucker famously stated, “Culture eats strategy for breakfast.” Strategies are like sand slipping between a CEO’s fingers in the economic roller coaster of 2020, where a pandemic, massive government stimulus, upheaval of work and home life, and restrictions on travel have changed how business must be conducted. As companies grapple with turnarounds that they […] -
It’s a Gift: Kathleen Aiello
How did you gravitate into turnaround and restructuring work? Aiello: Before I became I lawyer, I worked for a Big Four accounting firm, and I developed a financial services background from that. I did a lot of corporate investigations and fraud investigations, anti-money laundering reviews, anti-terrorist financing—all of those kinds of processes—so I had some familiarity with […] -
2020 TMA Awards
TMA honors excellence through its annual awards program, which recognizes achievements in the categories listed in this issue, plus more. The following awards were presented at IMPACT 2020, which was held virtually September 29–October 1. Mega Company Turnaround – Essar Steel India Essar Steel India Ltd. (ESIL), India’s fourth-largest steelmaker, has produced steel used in […] -
Newcomers: November/December 2020
Arizona Nicholas Broderick, FSW Funding Matthew W. Mittelstaedt, FTI Consulting Wendy Woudenberg Atlanta Kirk J. Douglas, Newpoint Advisors Corporation Matt Kazin, Huron Consulting Group California – Northern Alex Jacobs-Hajian, Thompson Rivers University Hyokeun Kim Veronica A. Rocha, Arch+Beam California – Southern Lauren Belgrad, Conway MacKenzie Inc. Spencer Brown, SG Credit Partners Shirley Cho, Pachulski Stang Ziehl & Jones […]
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