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Implementation

In: Corporate Debt Restructuring in Emerging Markets

Author

Listed:
  • Richard Marney
  • Timothy Stubbs

    (Dentons)

Abstract

In our fable, the fox regrets his behavior and is allowed back into the group, hence allowing the whole community is safe. As a moral of the story and of relevance to restructuring is the willingness of the group to stand up to the fox, whilst still allowing him a way back. As we saw in the Bank of Commerce tale, the lenders had to confront first JT and then Edinburgh Partners to lead an unruly lenders group through many execution challenges to what would become the only viable outcome—an orderly wind-down. The main elements of the implementation phase are reviewed, again with a reliance on the manufacturing case study as well as the opening Bank of Commerce tale to identify the governance and execution challenges and evaluate possible solutions. There are many important lessons, but perhaps foremost is that experienced, committed transaction leadership must take full ownership of the deal to ensure that it is executed properly. For this purpose, constant communication, pro-activeness, flexibility, and speed are essential.

Suggested Citation

  • Richard Marney & Timothy Stubbs, 2021. "Implementation," Springer Books, in: Corporate Debt Restructuring in Emerging Markets, chapter 0, pages 181-201, Springer.
    • Handle: RePEc:spr:sprchp:978-3-030-81306-2_8
    DOI: 10.1007/978-3-030-81306-2_8
    as

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