As I pen my guest editor column for this edition of the Journal of Corporate Renewal focused on retail, it is the first week of 2023, and retail is once again challenged. Inflation is high, consumer confidence is down, and inventory levels remain challenged. A number of large retailers appear to be...
You can’t eat cryptocurrency, and you can’t drink crude oil. The cultivation of plants and animals for human consumption — i.e ., agriculture—represents one of mankind’s few truly indispensable activities. Eliminate modern agriculture, and civilization disappears, along with all its high-tech...
New technologies have the potential to create new industries and reshape existing ones. This month’s issue of the Journal of Corporate Renewal looks at the challenges new technologies bring and how they can shape the restructuring industry, and vice versa. As one example, from the popularization of...
This month’s issue of the JCR tackles the hot topic of mass tort bankruptcies. Many of today’s restructuring professionals weren’t practicing in the early 1980s when Congress and the courts began to grapple with mass tort bankruptcies in the context of asbestos insolvencies. And yet, nearly 40...
Change is constant and keeps the restructuring industry ever evolving and always interesting. Midway through, 2022 has proven to be no different. A new wrinkle, inflation, is directly impacting every industry, requiring management teams to adapt to survive. The impacts of inflation will take many...
A few years ago, a prominent Puerto Rican lawyer was musing over who was responsible for Puerto Rico’s financial woes. “It was no one’s fault, but everyone’s to blame,” he remarked. The comment is simple yet powerful, as it captures Puerto Rico’s complex finances, tenuous political standing, and...
As bankruptcy cases have become more complex and litigious, mediation has increasingly offered a forum for negotiation. Formal litigation of disputes in bankruptcy cases and adversary proceedings frequently imposes significant economic burdens on parties and delays resolution of those disputes. In...
Change is hard. This bromide—so beloved by the uninspiring TED speaker and corporate hatchet man alike—is both obvious and trite. It’s also true. Adapting to the changes that inevitably appear in business and life is difficult. Indeed, if more businesspeople were better at this task, many...
As I pen this guest editor’s column for the Journal of Corporate Renewal’s retail restructuring issue, it is the first week of 2022. At this time of year, I always reflect on the previous year—what happened across the globe, in restructuring, in retail, and in my practice. In 2021, I left my...
While I was writing this guest editor’s column for the Journal of Corporate Renewal , two large Chinese real estate companies, China Evergrande and Modern Land, were making headlines as potential restructurings. Is this a sign that there will be broader implications across the global economy? The...
