In most restructurings
, at the outset of the process, the creditors generally form a steering committee to coordinate creditor interests and handle negotiations with the debtor.
94-1, Application of Statement 115 to Debt Securities Restructured in a Troubled Debt Restructuring
, securities received in connection with a debt restructuring
are subject to Statement no.
and Corporate Financial Developments
Contributions from leading industry figures from: Allen & Overy, Deloitte Restructuring
Services, Ernst & Young, Grant Thornton, IBA, INSOL, KPMG, KRyS Global, PricewaterhouseCoopers, OPF Partners, Salans LLP and World Bank Group.
While stock option grants generally contain antidilution provisions that explain how the exercise price and number of shares will be adjusted if the employer declares a stock dividend or stock split, most plans do not contain provisions for similar adjustments if an equity restructuring
I am pleased to be here today to discuss corporate restructuring
and the need for reducing the federal budget deficit, issues raised in your letter of invitation.
He is an active member of The Insolvency Institute of Canada and the Turnaround Management Association (TMA), a member of the board of directors of the Canadian Association of Insolvency and Restructuring
Practitioners (CAIRP) and a member of the American Bankruptcy Institute (ABI).
The impact of non-bank institutions as holders of debt will make the next round of restructurings
Alvarez & Marsal's global presence, depth and breadth of expertise in crisis and interim management and traditional restructuring
and insolvency services set the firm apart in the Canadian market," he added.
During the last six years with the company, he assisted with the orderly liquidation process of its $7 billion diversified portfolio, following its own restructuring
efforts in 2000 and bankruptcy reorganization in 2001.
Alvarez & Marsal, the leading independent global professional services firm, and McGrath Nicol + Partners, the leading independent corporate advisory and restructuring
firm in Australia and New Zealand, have entered into a strategic affiliation agreement.
The group has seen considerable growth and investor demand across Europe and its recent significant debt purchases and restructurings
include companies such as Deutsche Nickel AG and Concordia Bus AB.