In a world where technology is constantly and rapidly changing and companies’ technology budgets are rising, it is as critical as ever for companies to be vigilant in their review of their technology contracts. As technology costs represent 2% to 7% of a company’s revenue, according to a 2016-17...
When restructuring a business is necessary, the company and its professionals evaluate options and look for the best and most efficient path forward. This path often leads to a restructuring under the auspices of Chapter 11 of the U.S. Bankruptcy Code. Like any restructuring option, Chapter 11...
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The Polsinelli/TrollerBK Distress Indices reflected a substantial increase in healthcare distress in 4Q 2018, even as the general index showed only a slight increase in bankruptcy filings and the real estate index fell. The Health Care Services Index stood at 550.00 in 4Q 2018, topping the previous...
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If restructuring professionals were asked whether the U.S. economy is currently weak or strong, they would likely offer varying answers depending on each professional’s experience. CFOs might answer entirely differently depending on the areas of business in which they operate. To avoid this kind of...
The Supreme Court of Canada recently found two banks liable in conversion for a $5.5 million check fraud carried out by a former employee of a major pharmaceutical company. The decision stands as the court’s most recent consideration of the “fictitious or non-existent” payee defense to the tort of...
TMA Awards
TMA honors excellence through its annual awards program, which recognizes achievements in the categories listed below, plus more. The following awards were presented at The 2017 TMA Annual in Fort Worth, Texas, on Monday, October 23. TMA INDIVIDUAL AWARDS Jonathan Reimche, TMA Global Awards...
At the end of 2014 and into early 2015, the sharp decline in the oil price was daily news. While there has been some recent respite from the price falls that were being recorded, this article explores how the new lower price will impact companies in the sector in the short and medium terms. From...
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Beginning in the second half of 2016, the Canadian mining sector started to crawl out of the prolonged downturn that started in 2011, when commodity prices peaked and started a long, slow decline. That decline prompted many in the turnaround and restructuring sector to plan for a lot of work in the...
While the main focus of academic and professional investment research in the risky corporate credit market has typically been on the performance of high-yield bonds, including, importantly, the default and recovery rates of those bonds that default, there is very little similar work on defaulted...