Howard Morris, head of the Business Restructuring + Insolvency group at Morrison & Foerster in London, recently authored "A 'palliative' approach to insolvency in the retail world?" for Global Restructuring Review. The retail sector is in the midst of a deeply disruptive shift as online shopping increasingly puts its long-term future in peril. This article argues that, instead of having to liquidate quickly, following a restructuring approach used most recently in the insurance industry, retailers and new investors can continue to make profits as their retail businesses are run down gradually.
Read the full Global Restructuring Review article.Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.
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