Field examiners play a crucial role in a workout by analyzing a company’s working capital to identify collateral shortfalls. During these unprecedented times, the need for early detection and intervention is crucial. While field examiners' primary focus is evaluating the collateral base, they...
What would it look like if regulation came to the unregulated? Would that put an end to banks efficiently offloading their distress? Paycheck Protection Program (PPP) funding, other government bailout money, and private equity (PE) money...
What are the takeaways from recent litigation? How do minority lenders protect themselves? Does increased restructuring activity change the lender approach? These topics, and more, will be discussed with a panel of experts.
Over the last two and half years, fraud and field examiners have had to battle many obstacles directly resulting from COVID mitigation strategies, including:
Accounting and finance staff of clients being completely remote
All eyes are on the largest property developer in China, the Evergrande Group, as offshore creditors holding bonds and notes are looking at billions of dollars in losses if they do not act to protect their interests in various jurisdictions. The preliminary...
What is lender liability and what could trigger a claim? Financial advisors, turnaround practitioners, and credit professionals need to understand the limits of a lender's ability to direct the debtor's business. Join this session for a high-level overview of lender liability, an examination of...
Q: How did you gravitate into lending into turnaround or distressed situations as opposed to other types of lending? KANE: As you know, 98% of the bankers who participate in TMA are lenders. I am not. I’m a transactional services guy, so I work in US Bank’s Global Corporate Trust Services, which...
Q: You have an interesting background for someone in this field. What were you doing before gravitating into turnaround and restructuring work? Baxter-Labut: I was a customs and immigration officer for seven years with the Canada Border Services Agency (CBSA). Q: How did that come about? Baxter-...
As the pandemic headwinds continue to buffet the economy and the spectre of spiralling energy costs and long-term inflation looms large, businesses that were once riding high now risk being deflected off course just at the time when they are trying to navigate their emergence. With near-term...
The concept and benefits of providing debtor-in-possession (DIP) financing under Bankruptcy Code Section 364 are not new. But because DIP financing negotiations are often conducted on a compressed timeline and can be both complex and laborious, this article serves as both a primer and refresher for...
