Carts and Horses
Interesting document from Insol Europe Turnaround Wing to its members on guidelines for Restructuring Professionals in consensual restructurings. It introduces the concept of Restructuring and Turnaround Professionals (RTP); restructuring being defined as balance sheet restructuring and turnaround being operational turnaround. Now isn’t that putting the cart before the horse? A trained turnaround professional stabilizes the […]
