European Restructuring

Abstract

European governments have shown their commitment to the rescue culture by introducing new legislation that seeks to find an equitable balance between creditor and debtor interests. Although legislation varies across the countries, reflecting national and cultural differences, the basic objective is the same: preservation of enterprise value and employment. Governments can change the legal framework, but professionals must adapt to the new opportunities. Those practitioners and organizations that adapt to the challenge and seek innovative solutions will be the future leaders in the European restructuring industry.