As we journey deeper into a year of certain uncertainty, there is reason to be hopeful. The light at the end of the tunnel is clearer, in that we see the shape of the new normal, the new economy, and many innovative reforms that continue to shape TMA. The thirst to learn, create, and support the...
Amid the changing environment brought on the COVID-19 pandemic, ongoing issues in insolvency around the globe have continued to play out in recent months. In Europe, the UK made its long-anticipated break with the European Union, while Germany and the Netherlands have each enacted into law an EU...
Whether a company is large or small, public or private, the role of the CFO is moving from reporting the past to anticipating the future—and managing the associated risks and opportunities. One consequence of this expanded role and the resulting higher expectations is greater turnover. Recent...
For decades, companies in financial distress in Europe have faced different and at times difficult local laws for restructuring in each member state of the European Union. In most member states, only insolvency regimes offering court-led proceedings have been available. Such proceedings have not...
In today’s economic climate, insolvency practitioners must be diligent in preserving an estate’s assets and creative in identifying unrealized value. Insolvent entities occasionally have claims that, if properly resourced and advanced, could yield value for creditors and other stakeholders. However...
The UK left the European Union on 31 January 2020. The transitional period, during which EU law continued to apply to the UK and the UK was, in many respects, still treated as an EU member state, ended at 11 p.m. on 31 December 2020 (IPCD). At the 11th hour, the EU and the UK agreed to terms of a...
On March 13, 2020, the president officially declared the COVID-19 pandemic a national emergency. In a matter of weeks, Congress passed the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) as its initial legislative response to combat the economic fallout from the deadly virus. Exactly...
I think I speak for most of us when I say we are ready to welcome 2021 and put 2020 behind us. While we’ve witnessed the heroic efforts of our healthcare professionals, essential workers, and others this past year, most, if not all, of us have also experienced challenges caused by the pandemic,...
Welcome to the year of IMPACT to INNOVATION. Welcome to the world of TMA Tomorrow, brought to you by the unrestrained power of pure TMA imagination. Together we journey into 2021 more empowered, more emboldened, and more confident than ever before. In our pivot with purpose in 2020, we showed...
It is typically easy to determine how and why a business became distressed. After all, this analysis is frequently made after the fact and is fully informed by 20/20 hindsight. The difficult part is predicting the future and, through much of 2020, determining when various asset classes would emerge...
