Contrary to polls and the odds at the bookmakers, the U.K. in June voted to leave the European Union (EU). An avalanche of political change swiftly followed, resulting, as this is written, in a new Conservative prime minister, Theresa May, and a fight for the leadership of the Labour Party. The...
When we think about the impact of technology on our client interactions, we have been here before. With only a couple of minor tweaks to reflect advances in technology, a United Airlines television ad that debuted in 1989 could just as easily be run today. In the spot, a boss named Ben walks into a...
TMA chapter leaders from across Europe came together in Rome June 9 for the TMA European Chapter Presidents meeting. This annual gathering allows for a dialogue on issues and concerns facing turnaround, restructuring, and insolvency professionals in TMA’s largest market outside North America. While...
The ninth TMA MidAmerica Regional Conference (MARC) took place May 11-13 at the InterContinental Hotel in downtown Chicago. Mike Egan of Monroe Capital and Meagan Hardcastle of Harmon Partners served as co-chairs of the event, which attracted more than 200 attendees and was hosted by six TMA...
The 2016 TMA Mid-Atlantic Regional Symposium was back on the Atlantic City Boardwalk June 8-9 for the second year in a row. But will the popular seaside destination be able to address its financial woes and reclaim its status as a premier destination on the Jersey shore? A panel of experts...
Gordon Brothers Group has established São Paulo, Brazil-based operations and named Alfredo Finotti as executive director and Marcos Brandt as commercial director. In addition, the firm announced that it has formed a strategic partnership with Planconsult, a São Paulo firm that provides appraisals...
Following almost a decade of booming economic activity, the Brazilian economy has lately experienced market and political developments that have caused a severe downturn. The sharp decrease in the price of commodities, the devaluation of the Brazilian currency, alarming levels of inflation, lack of...
A person or corporation that “resides or has a domicile, a place of business, or property in the United States” may file a bankruptcy petition in a U.S. Bankruptcy Court. Given that U.S. courts have taken an expansive view of their jurisdiction under this portion of the U.S. Bankruptcy Code, there...
The Polsinelli | TrBk Distress Indices for the first quarter of 2016 showed a 30-point jump in the Healthcare Services Distress Index, pushing the measure to its highest level since the inception of the indices. For the first time since 2010, all three measures included in the Distress Indices...
Soegiono “Sugi” Hadiwijaya , senior manager with Deloitte Transactions and Business Analytics LLP and senior vice president with Deloitte Corporate Restructuring Group in Dallas, has more than 10 years of combined experience in financial services and turnaround management. He has provided financial...