There are so many misconceptions about talking to IPs about a business’s problems that it’s hard to know where to start with de-mystifying the process. The two immediate fears are how much will it cost and won’t they simply want to push my company into liquidation to earn a quick fee? The first question is easy to answer. The initial
Trade has grown increasingly global in recent decades, generating greater volumes of cross-border issues. Some of these inevitably need resolving through some form of restructuring or insolvency process. Unfortunately, not everything can be settled on a consensual basis. The trouble is, the deeper one dives into the world of international insolvency, the more obvious it becomes that insolvency regimes are
More mixed news on the economy amid the chaos of the election campaign As during any election campaign, it’s usually best to avoid all media interpretation of economic statistics amid the swirl of reckless hyperbole and the plethora of highly questionable ‘facts’ being peddled by all political parties in their frantic efforts to win over voters. The savage rebuke issued
Economic signals are still mixed but positive overall With the release of many more positive economic announcements in recent weeks, has the UK economy finally turned a corner as the government and the Bank of England are suggesting, or are we all getting ahead of ourselves? Only time can answer this question, but many, although not all of the signs
The development of cross-border restructuring We are nearing the end of the third decade since cross-border recognition of insolvency proceedings was codified through the UNCITRAL Model Law on Cross-Border Insolvency, which was adopted in 1997 to create some order in the chaotic world that insolvency professionals faced when working on multi-jurisdictional failures or restructurings. The Model Law was never intended
Getting inventory levels wrong can easily happen within the retail industry, but it can be very damaging. Too little inventory and stockouts mean lost revenue and dissatisfied customers. Too much and precious capital is tied up unnecessarily and expensively before the inevitable discounting wreaks havoc with gross margins and adversely affects the bottom line. Taken to extremes, excessive inventory can
