In February, TMA Global Chair David Cohen and I attended the fourth annual TMA Eastern European Conference hosted by Erste Bank in Vienna, Austria. Bringing together nearly 150 turnaround professionals, lawyers, capital providers, and others, this meeting represented a who’s who of the profession...
Alabama Christopher G. Brown, Newpoint Advisors Corporation Bradley R. Hightower, Christian & Small LLP Arizona Ron Losefsky, ISD Bradley J. Stevens, Jennings Strouss & Salmon PLC George Wandachowicz, Biditup Auctions Atlanta Harry Bramson, Conway MacKenzie Inc. John W. Cannon, Conway...
Sheon Karol has joined The DAK Group , a boutique investment bank serving middle market companies, as a managing director. He has more than three decades of experience and has negotiated transactions in industries that include manufacturing, biotech, pharma, for-profit education, medical research,...
A ndrew M. Toft is a Denver attorney whose practice includes commercial and civil litigation, real estate litigation, commercial foreclosures and receiverships, commercial collections and loan workouts, post-judgment collection, creditors’ rights in bankruptcy, and Uniform Commercial Code Article 9...
When underperforming and distressed companies require the intervention of turnaround executives, they often need to develop and implement a new strategic plan. At the most fundamental level, the plan’s success depends on changing employee behaviors. Attaining employee adoption of a plan is commonly...
There are many important considerations to keep in mind when lending on inventory assets. Chief among them is understanding the differences between so-called lagging versus leading indicators when identifying and monitoring critical key performance indicators (KPIs) in any given transaction. In...
Just as a debtor selling real estate in a bankruptcy proceeding engages a bankruptcy attorney to handle legal work and a financial advisor for management consulting and financial reporting services, the debtor should also engage a real estate advisor who specializes in selling assets in bankruptcy...
The fundamental principle that assets and liabilities of a company are generally separate and apart from those of its owners is something that most first-year law students, as well as most business owners, know. 1 Indeed, the insulation that the rule provides owners from potential liability of...
Distress visits everyone. In business, distress may lead to a spiral of disadvantageous transactions, litigation, arbitration, a visit to Bankruptcy Court, and even less pleasant adversity. Even with best intentions and extraordinary efforts, following the usual pathways can limit options. That...
The Panama Papers continue to shine a new light on the hidden world of money laundering, providing important details on how overseas shell corporations can be used to make dirty money look clean. Each new revelation gives federal agencies more ammunition in their fight against this brand of...
