Book Categories

Description of A Practitioner's Guide to Corporate Restructuring

Although the implications of the credit crunch have not yet been fully played out, it is very likely that the re-pricing of risk and reduced liquidity will increase the number of restructurings in both the financial sector and the "real" economy.
This wave of restructurings will be entering uncharted water in three key respects. Firstly, the complex capital structures that have emerged in recent years have not been fully stress-tested, which may create significant inter-creditor issues. Secondly, the prevalence of covenant-lite loans before the credit crisis means that investors could find that creditor leverage in a restructuring (formal or informal) has been markedly watered down as well as causing delay in the trigger events allowing such action. Thirdly, debt securitisation has led to a massive diversification of creditors of highly indebted companies which may create significant problems in achieving a consensual restructuring.

A Practitioner's Guide to Corporate Restructuring offers clear and comprehensive guidance on the practical, financial and legal considerations involved in these complex restructurings.

Who should read this book?

- Distressed debt specialists in banks
- Hedge funds
- Private equity funds
- Vulture Funds
- Turnaround professionals
- Corporate Financiers
- Consultants
- Lawyers
- Accountants
- Insolvency Practitioners

Title Information

ISBN:

9781905121311

Pages:

476 pages

Format:

Paperback

Product Code:

277559

Publisher:

City & Financial Publishing

Published:

30/06/2008

Edition:

1st Edition

Write a review of this book

Customer Reviews from Amazon

Contents of A Practitioner's Guide to Corporate Restructuring

1: Financial structures of a distressed company and types of debt
Martin R Gudgeon and Shirish Joshi, The Blackstone Group International Ltd

2: Valuation of distressed company
Peter Marshall, Houlihan Lokey

3: Restructuring strategies: short term
Paul Horn and Simon Jones, Kroll Talbot Hughes

4: Restructuring strategies: long term
Antonio M Alvarez III, Michael Corner-Jones and Neil Christie, Alvarez & Marshal

5: Restructuring options
Ben Babcock, Merrill Lynch

6: Forum Shopping, COMI
Owen Claxton-Ingham, PricewaterhouseCoopers LLP

7: An investor's guide to operational turnaround issues
David Lovett and Michael Weyrich, AlixPartners Ltd

8: England and Wales
Lyndon Norley and Graham Lane, Kirkland & Ellis International LLP

9: France
Jacques Henrot and Joanna Gumpelson, De Pardieu Brocas Maffei

10: Germany
Dr Bernd Meyer-Loewy and Dr Leo Plank, Kirkland & Ellis International LLP

11: Italy
Fabio Labruna, Labruna, Mazziotti, Segni

12: The Netherlands
Robert van Galen, NautaDutilh

13: Spain
Diego Balboa Gorrochategui, Cuatrecasas

14: U.S. corporate restructuring for European investors
Kon Asimacopoulos, Kirkland & Ellis International LLP