While the full financial impact of the pandemic has yet to emerge, growing signs of corporate distress are expected to start emerging in the coming months. To get ahead of it, early engagement with lenders and appointing strong advisors can help companies avoid insolvency or costly restructuring, say Ocorians Alan Booth, head of capital markets and Nick Bland, head of UK client services.
The long-anticipated rise of corporate restructurings and insolvencies is afoot, as vaccine programmes across the globe are allowing society to open up and government support to be unwound. The ability of zombie companies to plod along courtesy of the coffers of the state is dissipating.
Unlike the swathe of insolvencies and restructurings that followed …
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