Although a few years have now passed since the onset of the Asian financial crisis, a number of major restructurings
in Asia and elsewhere still remain unresolved.
In addition, two consensuses on the treatment of minority interests in certain real estate investment trusts (REITs) and accounting for the conversion of a loan into a debt security in a troubled debt restructuring
Because bondholders were dissatisfied with losses occasioned by downgradings in the wake of unanticipated restructurings
, many corporations included protection against this special risk in their new bond issues to reduce borrowing costs.
com/research/c3c6rr/global_insolvency) has announced the addition of the "Global Insolvency & Restructuring
Review 2012/13 - 10th Edition" book to their offering.
This month's column discusses consensuses reached by the FASB Emerging Issues Task Force EITF or task force) concerning accounting for changes to fixed employee stock option plans resulting from an eqity restructuring
, and concerning allocating basis to individual assets and liabilities acquired in certain leveraged buyout transactions.
It is clear that the markets believe that the recent restructurings
are potentially advantageous.
Richard is a veteran professional with deep experience handling cross-border restructurings
and other complex situations", said Bryan Marsal, co-chief executive officer and managing director of Alvarez & Marsal.
Respondents report that they have found relationship banks difficult to deal with in restructurings
McIntosh, the former head of KPMG's Canadian restructuring
practice, has been named managing director and head of Alvarez & Marsal Canada ULC.
Bob is one of the best and brightest advisors in the restructuring
industry," said Jeffery Stegenga, head of A&M's central region restructuring
The firm has also advised stakeholders in numerous confidential restructurings
of large Australian corporations.
Hamilton is an expert on credit risk management and joins Bear Stearns from ABN Amro, where he was a vice president in the financial restructuring
& recovery group for the last 5 years, dealing with large multi-bank restructurings