Pressures Continue to Grow in the Ag, Logistics Industries
Last year, when I sat down to write the guest editor’s column for the 2020 healthcare issue, we were reeling from a pandemic that not only was straining our already overtaxed healthcare system but also exacerbating the socio-political fissures that have dominated headlines, created misinformation,...
©2021 Drew Noel Photography, www.drewnoeldesigns.com
Q: How did you gravitate into turnaround/restructuring work? Brody: I graduated from the University of Delaware with a degree in accounting and immediately joined the audit department of a large accounting firm. At that point, I was fascinated with the various economic and operational issues faced...
Adding DE&I to the Turnaround Toolkit
At the core, the overarching goal of every turnaround or corporate restructuring, whether in or out of court, is to maximize enterprise value. When determining how best to accomplish that objective, enterprise leaders, together with their advisors, evaluate a variety of operational, legal, and...
Smooth Landing for Norwegian Air Group in Irish High Court Cross-Border Restructuring
On 26 May 2021, the Norwegian Air Group successfully completed its global restructuring, which began in the Irish High Court on 18 November 2020. At the commencement of the restructuring, the group was one of the largest low-cost airline carriers in Europe and among the 10 largest in the world. It...
The Impact of COVID-19 on Cayman Islands Restructurings
The long-term global impact of the COVID-19 pandemic will be far-reaching. It has already led to a significant drop in economic activity across the world, with certain industries, such as aviation, retail, hospitality, and tourism, being particularly affected. The Cayman Islands is home to one of...
The Impact of COVID-19 on Restructurings in Singapore, Hong Kong, and China
In the wake of the novel coronavirus (COVID-19), there has been significant disruption to the global economy. With lockdowns implemented, demand for goods and services has dropped drastically, and production and provision of services have slowed. Social distancing measures and travel restrictions...
UK Flag and Arrows
A week is often described as a long time in politics, and so also, it seems, in the restructuring market. In May, one week alone saw significant strides forward with: The judgment of Mr Justice Snowden in Virgin Active —the first contested showdown of the new Restructuring Plan, pitting the power...
Germany Offered Swift and Effective Pandemic First Aid
From an economic perspective, Germany has weathered the pandemic quite well until now—at least if success is measured in low unemployment and insolvency figures. How that was achieved, what changes were made to the German legal restructuring framework, and what may follow after the national...
©2021 Lou Jones photography, www.fotojones.com
Q: How did you gravitate into turnaround and restructuring work? Bucci: It was part timing and part initiative and flexibility. I began my career at what was then the Banking & Finance Department of Brown Rudnick in September of 1999. There were almost two years of robust, front-end, healthy...
Winchester City centre High Street at night during mid-summer
Consumer-reliant sectors in the UK, such as retail, leisure, and hospitality, have been significantly, and potentially permanently, impacted by government lockdowns and movement restrictions related to the COVID-19 pandemic, as evidenced by the range of high-profile insolvencies in the past 12...