While there has been an increase in Australian companies engaging with turnaround specialists, corporate leaders need to be more open to restructuring, Clayton Utz urges as it released its latest restructuring market report.
In the From Red to Black report which looks at the state of the Australian restructuring market in FY16 and predictions for FY17, Clayton Utz notes that there has been an increase in companies engaging restructuring specialists in the last 12 months.
Clayton Utz partner Karen O’Flynn says, however, that many boards and management teams in Australia were still reluctant to embrace the benefits of early intervention when a company was in trouble.
An example of a board that successfu…
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