Restructuring and Workouts: Strategies for Maximising Value [Hardcover]

Ben Larkin (Author)

Book Description

ISBN-10: 1905783205 | ISBN-13: 978-1905783205 | Publication Date: December 31, 2008

The current restructuring market has developed dramatically since the recession of the early 1990s. A number of factors have contributed to a trend for increasingly complex workouts including the sophistication of financial products that have evolved over the last decade; the diverse nature of the providers of debt and equity and the willingness of financial institutions to see distress as an opportunity for profit and not just a damage limitation exercise. As a result, the adviser community has developed imaginative solutions to assist those who have repeated exposure to businesses in distress. The current economic environment is now testing these new tools. They have been created to maximise value in restructuring situations and the market is undoubtedly providing opportunities for their use. This important new title, by renowned experts in the field, analyses these tools and the context in which they can be utilised. It explores the commercial agenda that dictates the use of technical procedures such as debt-for-equity swaps and pre-packaged administration sales. The book also examines the ramifications of structured finance and details the workout strategies employed by those who have exposure to those products. Further, the international nature of this area of practice is examined in detail. This authoritative work provides advisers and principals with the information they need to navigate their way through the challenges of the workout marketplace as the world economies move into an environment of reduced liquidity.

Editorial Reviews

Review

Uniformly, the articles in this book are clearly written and exhibit the great familiarity of the authors with their respective subject matter. --Shalom L Kohn, Futures and Derivatives Law Report

This book is exactly what the restructuring and workout professional will need on their desk as they navigate through the current economic downturn. --EW (Sandy) Purcell, Managing Director, Houlihan Lokey, International Corporate Rescue

The authors of each individual article did an excellent job of including technical information without causing the reader to be bogged down in minutiae. In other words, this does not read like a textbook, but somehow manages to be as informative as a textbook: A fantastic accomplishment! --Frank Voisin Frankly Speaking

About the Author

Consulting Editor Ben Larkin is head of the restructuring and insolvency department of Berwin Leighton Paisner LLP. He has specialised in insolvency since qualifying as a solicitor in 1993 and has a significant reputation as an expert in real estate- related workouts. Mr Larkin is recognised as a leader in his field and is a regular speaker at industry events.

Product Details

• Hardcover: 240 pages
• Publisher: Globe Law and Business (December 31, 2008)
• Language: English
• ISBN-10: 1905783205
• ISBN-13: 978-1905783205
• Product Dimensions: 9.2 x 6.2 x 0.8 inches
• Shipping Weight: 1.2 pounds
• Average Customer Review: 3.0 out of 5 stars  See all reviews (1 customer review)
• Amazon Best Sellers Rank: #1,155,826 in Books (See Top 100 in Books)

Customer Reviews

Most Helpful Customer Reviews

3.0 out of 5 stars Restructuring and Workouts, July 26, 2010

By 

Erich Stolz (Houston, TX United States) - See all my reviews
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This review is from: Restructuring and Workouts: Strategies for Maximising Value (Hardcover)

Being in the turnaround and restructuring business for more than 10 years, I continuously read anything in this field.
There are many good to average books covering the range of topics from turnaround, restructuring, re-financing, etc.
This book is definitely is must read - perhaps not for the highly professional turnaround and restructuring person, but for anybody with less than 5 years experience in this field or for any business student.