If bondholders had that right, restructuring cases would not need the exit consent maneuver to force holdouts into submission.
So yes Mitt, having the Big Three go bankrupt may lead to some "restructuring," but when you think about the local dealers, the suppliers, and all the businesses contingent on their success - somewhere between two million or four million jobs are tied to the domestic car business - your plan stands a good chance of restructuring our economy right into the garbage can.
The latter will become more likely if the Premier League is forced to restructure its rights package to sell the live games to both a pay TV and a terrestrial broadcaster to head off European claims of monopolistic practices.
There is a large movement ahead to restructure "LP rights," so that limited partners in illiquid investments (real estate, oil and gas, hedge funds and private equity) can demand that their so called liquidity rights are not violated.
Consequently, organizations are restructuring, re-engineering, right-sizing, downsizing, and redesigning, all in an effort to save money while also hoping to maintain a reputation for quality and customer service.
These latest losses were inevitable given that the company announced a restructuring program right after those Q2 2015 results.
Collective enterprises, started under Mao to make use of excess labor in commune work brigades and sponsored by local governments after communes were disbanded in the 1970's, are restructuring to clarify property rights.
The company did not offer a forecast for 2009, saying that its results would be affected by the insurance payments, but Mr. Gounon sought in a webcast to play down concerns about Eurotunnel's ability to service its debts, saying "the debt has been restructured at the right level relative to the cash flow of the company".
"The thing that the government needs to focus on right now is restructuring the nonperforming loans," said Thanomsri Fongarunrung, an economist at Merrill Lynch in Bangkok.
The ability to make the right decisions in restructuring a manufacturing business is critical not only in content, but also in time.
