Assignment for the Benefit of Creditors
ABC transactions are a business liquidation (sale) strategy for insolvent companies. In the appropriate situations, they can be cheaper and quicker than alternatives.
Cognitive Bias, Scott Adams and Troubled Companies
We hear a lot about cognitive bias these days (and confirmation bias – a type of cognitive bias), an extraordinarily important concept in life, business and marketing, most recently made famous by Scott Adams’ book Win Bigly: Persuasion in a World Where Facts Don’t Matter
Key Performance Indicators and Turnarounds
Confirmation bias, twisting (or ignoring) facts to support what you want to believe (or sell), can be the death of companies. Keep your KPIs simple and believe in them. If they are declining, you have trouble.
Sinclair Range Wins Turnaround Award From M&A Advisor
Sinclair Range has won a turnaround award from M&A Advisor in the category CONSUMER DISCRETIONARY DEAL OF THE YEAR (Over $50MM to $100MM).
Sentencing Imposed in Recent Major Canadian Commercial Frauds
Fraud is increasingly a driver of corporate financial distress and, therefore, a part of our practice. Inside is a chart showing the sentencing range imposed in recent major Canadian commercial fraud cases.