Peter Drucker famously stated, “Culture eats strategy for breakfast.” Strategies are like sand slipping between a CEO’s fingers in the economic roller coaster of 2020, where a pandemic, massive government stimulus, upheaval of work and home life, and restrictions on travel have changed how business...
The COVID-19 pandemic has brought about dramatic economic and social change in the world, most particularly in human behavior, due largely to concerns about the threat to human health. The restructuring community has been no less affected, and U.S. Bankruptcy Courts have not escaped the wave of...
Rent has presented a complicated puzzle during the pandemic for numerous landlords and tenants, and the solutions—inside and outside of Chapter 11—have been unconventional. As foot traffic evaporated due to restrictions prompted by health and safety regulations, and revenue fell precipitously as...
While dealing with the personal and medical issues associated with the COVID-19 pandemic, few fully appreciated the global economic impact the health crisis would cause or what the “quick” solution would be to put the world economy back on sound footing. While the medical community dealt with the...
The road paved by COVID-19 appears to be a long and winding one for turnaround professionals. Unlike other recessions, where life eventually returns to the way things used to be, the pandemic recession will lead to significant changes in individual and societal behavior that remain long after it’s...
Transfer pricing can be a useful tool and source of information for turnaround and restructuring professionals. Although the practice of transfer pricing is most closely associated with tax planning and compliance, restructuring professionals stand to benefit from using the wealth of information...
Early in the pandemic, a think tank responded to the financial crisis facing America’s colleges and universities by recommending the use of a single metric to gauge risk at these institutions—liquidity. The Century Foundation’s basic argument was that schools should be ranked as liquid (having at...
Can a chief restructuring officer (CRO) continue to be an effective and efficient resource for lenders in this new normal environment? The short answer is “absolutely.” But the longer answer is complicated. Workouts of lenders’ distressed credits aren’t going away, and in fact, they most likely...
As a result of the COVID-19 pandemic, most people have had to adjust to the new normal of working remotely. Most nonessential offices and businesses began shutting their doors in mid-March. The uncertainty of so many different facets of everyday life being turned upside down was stressful to many,...
The COVID-19 pandemic has created winners and losers, often penalizing and benefiting entire industries on the basis of how their respective operations, products, and services fit into the new business environment. This phenomenon poses a challenge to business leaders sifting through myriad factors...
