Workouts and Turnarounds II: Global Restructuring Strategies for the Next Century: Insights from the Leading Authorities in the Field

The most trusted names in workouts and turnarounds share their valuable strategies Compiling insights and methods from industry experts, this authoritative and practical guide cuts through the maze of corporate restructuring jargon to give corporate leaders and professionals the proven techniques and clear advice needed to understand today's corporate turnarounds and workouts. Workouts & Turnarounds II: Global Restructuring Strategies for the Next Century gives detailed coverage of the key issues involved in this process-from both the creditor and company positions. You'll learn how to identify a troubled company and determine the chances of turnaround, and what management should focus on before it's too late. One of the leading authorities in financial and operational restructuring services, Dominic DiNapoli has assembled experts from around the country who have provided their insights and years of experience in the various topics covered in this book. From business regeneration tactics, to managing corporate communications, to the roles of lawyers and lender services, you'll find a wealth of information in this comprehensive reference. In addition, this guide contains case studies of turnarounds in progress, illustrating many of the techniques and strategies currently available. Whether you are a CEO, an attorney, or a lender restructuring or investing in distressed companies, Workouts & Turnarounds II: Global Restructuring Strategies for the Next Century gives you the crucial information you need to make the right decisions today.

Table of Contents:
Preface xxix 1 Trouble Spotting: Assessing the Likelihood of a Turnaround 1 Dominic DiNapoli and Elliot Fuhr PricewaterhouseCoopers LLP 2 Looming Financial or Business Failure: Fix or File – A Legal Perspective 21 Harvey R. Miller Weil, Gotshal & Manges LLP 3 Preparing for Bankruptcy: Building the War Chest 45 Joel Nitzberg PricewaterhouseCoopers LLP 4 Business Regeneration: Early Detection – Early Intervention 54 R. Carter Pate PricewaterhouseCoppers LLP 5 Spin Control: Managing Internal and External Communications 74 Michael S. Sitrick Sitrick & Company 6 The Lawyer’s Role in Representing the Distressed Company 85 Lewis Kruger and Robin E. Keller Stroock & Stroock & Laven LLP 7 At the Front of the Line: The Secured Creditor 108 Chaim J. Fortgang, Seth Gardner, and David R. Caro Wachtell, Lipton, Rosen, & Katz 8 Representing the Unsecured Creditors’ Committee in Insolvency Restructurings 156 David S. Kurtz, Jeffrey W. Linstrom, and Timothy R. Pohl Skadden, Arps, Slate, Meagher & Flom LLP 9 Lender Services: Let the Lender Beware! 191 Robert S. Paul and Kris Coghlan PricewaterhouseCoopers LLP 10 Financing Alternatives for Troubled Companies 215 William C. Repko The Chase Manhattan Bank, N.A. 11 Valuation of Companies within Workout and Turnaround Situations 225 Thomas J. Milton, Jr. and Shannon P. Pratt Willamette Management Associates 12 Market Dynamic and Investments Performance of Distressed and Defaulted Debt Securities 238 Edward I. Altman New York University 13 International Restructuring: Overcoming Cross-Border Hurdles in South America 253 Deborah M. Smith, PricewaterhouseCoopers LLP and Jeffrey A. Sell The Chase Manhattan Bank, N.A. 14 Asian Markets 279 M. Freddie Reiss PricewaterhouseCoopers LLP 15 The Accountant’s Role in the Workout Environment Beyond “Bean Counting” 303 DeLain E. Gray PricewaterhouseCoopers LLP 16 Dealing with Employee Issues in a Bankruptcy Situation 328 Robert J. Rosenberg and David S. Heller Latham & Watkins 17 Financial Aspects of Bankruptcy Disputes 349 Harvey R. Kelly and Daniel V. Dooley PricewaterhouseCoopers LLP 18 Tax Planning in Corporate Reorganizations 378 Mitchel R. Aeder PricewaterhouseCoopers LLP 19 The Retail Industry – Trends in the Next Century 399 Kevin Regan PricewaterhouseCoopers LLP 20 A New Paradigm Emerges 416 Jack Barthell, Pat Leardo, and Mitch M. Roschelle PricewaterhouseCoopers LLP

About the Author :
DOMINIC DINAPOLI is the partner-in-charge of PricewaterhouseCoopers LLP's North American Business Recovery Services practice.