Taking advantage of recent changes for viable businesses.
February 8th 2016, Dr. Daniel H. Brüllmann, www.arranger.ch,
After noticing in a previous paper that the improved Greek legal framework for insolvencies, which still seems dysfunctional in some aspects, and the recent recapitalizations of banks open opportunities to companies and entrepreneurs to restructure their businesses, we address some of the steps to undertake for either out-of-court or in-court restructuring to save long term survival of a viable business.
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.