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Restructuring and Workouts

Restructuring and Workouts

Graham Lane

(2019)

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Book Details

Abstract

A decade on from the global economic crisis, the time is ripe for restructuring professionals to take stock. The worldwide economy has recovered but remains subject to volatility; at the same time, market players have amassed unprecedented amounts of ‘dry powder’ capital available to deploy in distressed situations. As we come to terms with the full implications of Brexit and other macro-economic factors, the restructuring market continues to innovate and adapt, frequently finding legal and practical solutions for the most complex cross-border situations. This third edition of Restructuring and Workouts: Strategies for Maximising Value provides an essential resource, providing legal and practical guidance for restructuring professionals. Fully updated since the last edition in 2013, it includes several entirely new chapters, with in-depth coverage and analysis including: •overviews of the current market; •a focus on topical sectors including retail and offshore/shipping; •analysis of legal regimes in France, the US and Spain; •examination of key themes such as distressed M&A and the restructuring of pensions obligations; and •an exclusive retrospective from the architects of the Lehman Brothers restructuring – the case which has done more than any other to shape the restructuring market over the last 10 years. This comprehensive publication makes required reading for private practice lawyers, insolvency practitioners, financial advisory and turnaround professionals, investment professionals and in-house lawyers alike

Table of Contents

Section Title Page Action Price
Cover Cover
Title Page 1
Copyright Page 2
Table of Contents 3
Foreword 5
The restructuring and workout environment in Europe 7
The World Bank Group: insolvency, restructuring and economic development 17
Valuation of distressed businesses 27
Pre-packs at an operational level 51
UK defined benefit pension schemes and restructuring situations 73
Cross-border insolvency: solutions to maximise stakeholder value 89
Creating value in distressed M&A transactions 101
Shipping and offshore restructurings 117
Retail restructurings 133
France 147
Spain 177
United States 207
The Lehman bankruptcy 219
About the authors 231
Index 241
About Globe Law and Business 255