When the International Consortium of Investigative Journalists (ICIJ) broke the FinCEN Files story this autumn, the scandal grabbed headlines across the globe. A couple of months on, is the issue already dead and buried?

Alvarez & Marsal Taxand’s Managing Director, Mairéad Warren de Búrca, and Directors, Lisa Burnside, Hugh Doherty, Hitesh Ramsahye, and Aneeta Samra hosted the Brexit & Indirect Taxes webinar.

Sabimir Sabev joins to lead the firm’s Operating Model Transformation offering

The study found that companies in financial distress often wait for too long before starting to elaborate and assess the available options for restructuring when they do, crises are often advanced to a degree that little room to manoeuvre remains, and the business ultimately has to file for bankruptcy.

The COVID-19 pandemic’s effects have been unevenly distributed. Travel and hospitality companies that were extremely stable and successful until the spring have found themselves in extremely tough positions. In contrast, technology companies with far less secure business models have benefited from a ‘rising tide lifts all boats’ effect in the tech space.

Alvarez and Marsal (A&M) and the Swiss Turnaround Association (STA) have analysed and commented on the outcomes of Swiss debt moratorium cases between January 2019 and September 2020.

A&M Taxand 2020 Senior Director Promotions

With COVID -19 restrictions still in place across most of the U.K., traditional office Christmas celebrations won’t be possible this year.

For decades, the Middle East controlled the oil supply and managed its pricing. Drastically decreasing demand coupled with a growing appetite for alternative energy sources has increased the Gulf states’ government debt from approximately $100 billion (2014) to $400 billion (2018).

A&M has a dedicated Pharmacy and PBM practice to help health plans, MCOs and PBMs address pharmacy strategy and operations.

Organisations can be forgiven if they feel caught in the middle of a perfect storm created by regulatory change, the pandemic-induced economic downturn and the prospect of a pincer-movement by Data Protection and Competition Authorities driven by the marked increase in data-driven activities.

Global professional services firm Alvarez & Marsal (‘A&M’), continues to expand its business in France with the appointment of Renald Bejaoui as Managing Director within the firm’s Private Equity Performance Improvement (PEPI) practice.

UAE Banks’ profitability witnessed continued deterioration in Q3’20