How to Refinance a Troubled Company
Range Advisors is well known for its successful track record advising financially troubled companies that need to refinance. Here are ten tips to consider.
Fiduciary Duties of Directors and Officers in the “vicinity of insolvency”
The duty of directors is always to direct the affairs of the corporation so as to maximize its value for the benefit of its stakeholders. When a corporation is solvent, those stakeholders are the corporation’s shareholders. When the corporation is insolvent, its creditors take the place of the shareholders as the residual beneficiaries of any increase in its value.
David Cohen to lead turnaround management association
Gowling Henderson Lafleur’s David Cohen has been elected as president of the international Turnaround Management Association.
Too Little, Too Late – Lessons from Deutsche
Managers with expertise who are willing to put their reputation on the line for a struggling company are few and far between – especially if the last guy quit. It is difficult to head hunt someone willing to step in at the helm of the Titanic, inches away from the iceberg.
Barrick’s Basic Problems – Aligning Strategic Decisions With Shareholders’ Interests
Becoming both a gold and base metals producer is an inconsistent strategy that has led to rampant investor confusion.