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How to Avoid Chapter 22 in Restructuring Work for Energy Companies

Value Scope

The challenges and complexities of energy markets make reorganization plans hard to properly formulate. The challenge for counsel and financial advisors has to with the often-severe price volatility common to oil and gas markets. Ultra Petroleum filed for bankruptcy back in May of 2016, so this is its second filing in four years.

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Moonshots

Reynolds Holding

Then I show how the market has developed a new corporate structure designed to solve these problems, which relies on a subtler form of insulation. The second is a motivation problem : Managers can’t give their employees the right incentives to bring the technology to market. But there’s a catch.

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SEC Commissioner Speaks on IPOs and the Rise of SPACs

Reynolds Holding

I cannot emphasize enough how important discussions such as today’s are – thinking through some of the most pressing questions in our markets. But nothing takes place in a vacuum, and the meteoric rise in SPACs and the Commission’s proposed rulemaking must be considered in the context of changes in both the public and private markets.

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DEBRA, next big tax reform in Europe?

Simply Treasury

The idea is not new to encourage companies to increase their capitalization and reduce their bank debt (partly through more recourse to the capital market - CMU project). The CMU aims to better balance bank financing against capital market financing. A very simple approach indeed.

Equity 52
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The (Geo)Politics of Controlling Shareholders

Reynolds Holding

sanctions against Oleg Deripaska in 2016 were lifted when he gave up control over major aluminum producer Rusal, despite the fact that he retained a significant stake in En+, Rusal’s controlling shareholder. For example, U.S. 4] This influence carries significant implications for domestic political systems and institutional development.

Comps 45
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Beyond the Twilight Zone: The Restructuring and Resurrection of Zombie Firms

Reynolds Holding

Restructuring is a complex and multi-dimensional process that involves a range of actions affecting operations, capital structure, and governance. I contend that not all zombies are equal – zombies that have undertaken, or could undertake, effective restructurings can be nursed back to life. The Journal of Finance , 76(4), pp.1813-1867.

Banking 45
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Rolling Back Dodd-Frank: Investors’ and Banks’ Responses to Financial Market Deregulation

Reynolds Holding

Since April 2016, and in May 2018, Congress passed the Economic Growth, Regulatory Relief, and Consumer Protection Act (EGRRCP Act), which makes the largest changes to financial regulatory law since 2010 (Tracy, 2018). These new regulations have triggered a debate over their benefits and the burden they place on banks.

Banking 45