Like all things in life, everything evolves. But whether one believes in the Theory of Evolution, Creationism or some other founding principle of human existence, one will agree that some constants remain throughout time. Practically speaking, while restructurings may have evolved into more complex and special situations, the need for a strong hand to take charge and ensure a steady drumbeat to achieve the goal of a successful restructuring will always exist.
Hence the need for a Chief Restructuring Officer (“CRO”), not a Chief Risk Officer as the acronym might suggest, is critical in our opinion to the success of any restructuring. The larger or more complex the restructuring, the greater the need for such an intervention. The CRO concept started in America, and has slowly moved to other parts of the world (primarily Western Europe), but has still not become a recurring theme in several other parts of the world.
Read more
THE A&M DISTRESS ALERT
March 13, 2025
The ADA assesses the robustness of balance sheets and earnings of thousands of companies across 33 countries, identifying companies that are in financial distress, as well as those with weak balance sheet robustness or weak performance.
A&M Swiss Debt Restructuring Moratorium Survey highlights record uptick in 2023
January 24, 2025
Alvarez & Marsal's new Swiss Debt Restructuring Moratorium Survey reveals a significant rise in procedures in Switzerland for 2023.
Surge in Swiss Debt Restructuring Moratoriums in 2023
January 24, 2025
The annual study released by global professional services firm Alvarez & Marsal (A&M) reveals a substantial increase in the use of debt restructuring moratoriums in Switzerland during 2023.
Rich Newman and Conrad Ragan Featured in The Credit and Financial Management Review
January 8, 2025
A&M Managing Director Rich Newman and Director Conrad Ragan were recently featured in The Credit and Financial Management Review, where they explore the impact of LMEs on credit markets, including increased litigation, risks to creditors, and market distortions.