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In November, Kirkland & Ellis, a law firm known for its bankruptcy practice, held the first in a series of seminars for its lawyers on restructuring issues, said Richard M. Cieri, a partner in the firm's New York office.
Panels will examine the severity of the crisis; possible paths to reform; the politics, principles and laws governing municipal financial restructuring; issues such as outsourcing, public-private partnerships and how to deal with credit markets; and the efficacy of pension reforms, including those just signed into law by Gov. Jerry Brown.
"Ford's got their work cut out for them on the U.S. and European front with market share and restructuring issues.
Over the next several months, corporate restructuring issues may well distract management from focusing on new initiatives.
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The $17.5 billion restructuring note issued by Vnesheconombank (and to be assumed by the Russian Federation), though not yet issued, is now trading on a when-issued basis at 30 cents on the dollar, yielding 19% to maturity.
The fishing tackle retailer has raised £1.3 million via a share placing to fund a restructuring, having issued a profit warning late last year.
In a television broadcast on the evening of August 19th, President Cristina Fernández de Kirchner announced that she would seek congressional approval to put the plan into action.If it works, it would allow Argentina to exit the default declared after Judge Thomas Griesa barred an interest payment on the restructured bonds issued under New York law.
During his time as a CBG Fellow, Mr. Uesaka researched energy sector restructuring and policy issues.
Actions taken away from the table sharply altering parties and issues, restructuring and resequencing the process, changing BATNAs are not primarily about 1-D interpersonal skills but rather about enhancing the underlying setup of the negotiation itself.
GM, meanwhile, has said it wants a big cash balance as it deals with compensation claims from its faulty ignition switches and other restructuring and strategic issues.
Rather than sit down with their creditors before debts get out of hand, governments take desperate measures to avoid restructuring, such as issuing ruinously expensive short-term debt.
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