Changes in regulation shall help restructuring Greek businesses
Investment opportunities are expected along the process.February 2nd
2016, Dr. Daniel H. Brüllmann
Amidst many evident problems in Greece there are also positive developments, which should not be overlooked. Gradual changes to the legal framework for insolvencies and recapitalizations of banks open opportunities for companies to restructure their business and for creditors to improve their low expected recovery rate. Complex and long procedures have been simplified. Banks until now reticent have to take action. First large and comprehensive restructurings have recently emerged. Also medium sized companies might be well advised to shrug off hesitations and follow such examples.