Join us to network and find out if value creation and restructuring in tandem can be a model for Asia.
Historically, EY teams’ approach to dealing with an underperforming firm has been either through value creation or potentially, at a later stage, addressing the issue via restructuring or insolvency. However, we believe there is enormous value in combining both disciplines and turning the situation around while more options are still available.
The key is to deploy a strategy that combines both capabilities in tandem by leveraging on the teams that are experienced in initiating cost reduction and performance improvement to increase profitability, with those skilled at financial restructuring and cash management to improve the balance sheet. This strategy allows facilitating a better outcome for equity holders, creditors as well as new capital.
Such a beneficial approach has been deployed in other jurisdictions like the US for decades. Today, Singapore’s insolvency and restructuring laws offer a wide range of toolkits which give us confidence that we can apply similar strategies in the local market as appropriate.
At EY, we boast an established track record on both fronts and now have been able to combine these capabilities with tremendous effect. We welcome you to join us at this lunch event to explore how this strategy can be successful in Asia.
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