The Effect of Cross-Border  Restructuring  Convergence on Future International Restructurings
With the outlook for the U.S. and world economies fading, 1 restructuring professionals may anticipate new innovations during the coming down cycle. One likely innovation will be an increasing number of cross-border restructurings using the growing flexibility of restructuring law abroad,...
Need for Operational Flexibility May Test Airlines’ Stakeholders in Restructurings
In the wake of the COVID-19 pandemic, the surviving airlines have accelerated cost-cutting efforts, curtailed capital expenditures, and reduced their fleets. Arguably, airlines are in a much stronger operational position to cope with volatile operating environments. However, the highly uncertain...
©2022 Onion Studio., www.onionstudio.com
Q: How did you gravitate into turnaround/restructuring work? Bogucki: I started working in restaurants when I was 15, washing dishes. I did the typical climb through the ranks. I was working full time in kitchens, 40-plus hours a week, when I was a junior and senior in high school. I’d get out of...
Register for the 2021 TMA NOW Summit

From the 2021 TMA NOW Summit 

CONTENT WARNING

Between Boy Scouts, Weinstein, USA Gymnastics, and the many Diocese cases, the number of bankruptcy cases involving sex abuse-related claims and litigation has steadily increased. Join us for an engaging discussion of the issues and...

Ethics in Restructuring, Part 2

Members of the Turnaround Management Association are dedicated to the highest standards of professionalism, integrity and competence for those engaged in all matters involving turnaround and crisis management and corporate renewal. Certified Turnaround Professionals (CTPs) and Certified...

Ethics in Restructuring, Part 1

Members of the Turnaround Management Association are dedicated to the highest standards of professionalism, integrity and competence for those engaged in all matters involving turnaround and crisis management and corporate renewal. Certified Turnaround Professionals (CTPs) and Certified...

©2022 James Luedde, Fotoset Photography., www.Fotosetbyjames.com
Q: How did you become involved in deals involving turnarounds and restructuring? Siegel: That question made me think back. In my first lending job, I received a loan application for a retail store that supplied local dancers: toe shoes for ballet dancers, tap shoes, costumes, and those sorts of...
Jones Act Exemption Could Aid  Puerto Rico’s Economic Recovery
U.S. District Court Judge Laura Swain on January 18, 2022, approved a landmark plan to restructure Puerto Rico’s debt, allowing the U.S. territory to exit bankruptcy after five years. Judge Swain’s pen stroke approving the island’s plan of adjustment (POA) was a historic moment in Puerto Rico’s...
Puerto Rico Plans for Power Grid Transformation During PREPA Restructuring
The ongoing restructuring of the Puerto Rico Electric Power Authority (PREPA) is one of the largest ever in the electrical power generation industry within the jurisdiction of the United States. The goal is to transform the utility from a bankrupt, mismanaged public corporation into a privately...
Early Dealmaking Benefits Creditors, Debtors in Puerto Rico’s Restructuring
The bankruptcy of the Commonwealth of Puerto Rico and its instrumentalities is unprecedented in legal complexity and scale, with more than $120 billion of municipal liabilities subject to restructuring. To organize and facilitate this task, on June 30, 2016, President Barack Obama signed into law...