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Durham University

Durham Law School

Staff profile

Publication details for Ms Lana Ashby

Ashby, Lana (2015). The enigma of 21st century corporate restructuring: successes and failures (ten-step best-practice framework). Insolvency and Restructuring International 9(2): 9-16.

Author(s) from Durham

Abstract

The focus of this article is two-fold: first, it briefly probes the relevance of corporate restructuring both in periods of solvency and insolvency; second, it explores challenges faced in 21st century corporate restructuring by means of a case study. In light of this and other case studies, it proposes a ten-step best-practice framework for corporate restructuring, with a view to identifying success factors. This piece is non-jurisdictional, and thus raises specific concerns that are generally applicable to any legal framework. The distinct advantage of restructuring is that there is often more than one credible response to corporate distress. This article proposes but one of many plausible responses in cases of restructuring.