I am unbelievably excited to share this issue highlighting one of my favorite topics—the supply chain—with my fellow TMA community members. Experts from around the turnaround ecosystem share with us remarkable viewpoints that are not only insightful in the current environment, but also set the...
The commercial real estate industry is no stranger to distress cycles. Commercial real estate deals are often highly leveraged, subjecting properties, their owners, and lenders to potential distress when the cost of capital increases, boosting the risk of loss for all stakeholders. Recent history...
I hope you enjoy this month’s Journal of Corporate Renewal , focused on the best bank loan workouts. I have been involved in over 400 problem loan workouts with some of the top workout professionals in our industry, including workouts with several banks. As many of you know, every problem situation...
This issue of the Journal of Corporate Renewal is focused on why being a Certified Turnaround Professional (CTP) or Certified Turnaround Analyst (CTA) can add value to your professional brand. When you earn the Certified Turnaround Professional or Certified Turnaround Analyst designation, you are...
Before Medici Bank collapsed in 1494, Florence was a finance centre for Europe. The bank's failure stranded far-flung assets and crystallised local and foreign creditor claims. In those days, national legal systems had little concept of comity or pari passu treatment between onshore and offshore...
This issue of the Journal of Corporate Renewal is focused on hotels and hospitality, including restaurants, none of which are newcomers to distress. The extreme headwinds of the past few years have left these businesses vulnerable, requiring the ability to remain nimble and strategic in the face of...
As I pen my guest editor column for this edition of the Journal of Corporate Renewal focused on retail, it is the first week of 2023, and retail is once again challenged. Inflation is high, consumer confidence is down, and inventory levels remain challenged. A number of large retailers appear to be...
You can’t eat cryptocurrency, and you can’t drink crude oil. The cultivation of plants and animals for human consumption — i.e ., agriculture—represents one of mankind’s few truly indispensable activities. Eliminate modern agriculture, and civilization disappears, along with all its high-tech...
New technologies have the potential to create new industries and reshape existing ones. This month’s issue of the Journal of Corporate Renewal looks at the challenges new technologies bring and how they can shape the restructuring industry, and vice versa. As one example, from the popularization of...
This month’s issue of the JCR tackles the hot topic of mass tort bankruptcies. Many of today’s restructuring professionals weren’t practicing in the early 1980s when Congress and the courts began to grapple with mass tort bankruptcies in the context of asbestos insolvencies. And yet, nearly 40...
