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Business Turnround

Vultures in flight

Inside this issue

• US government bail-outs have eased fears of widespread liquidations

• Fragmented legal jurisdictions remain a problem in Europe but updated insolvency regimes are helping - -

Content

Vultures are circling as they spot opportunity

Europe appears to be one of the most promising regions for investors in distressed debt, writes Anousha Sakoui

US: Bail-outs help ease fears of widespread liquidations

Things are turning out better than many had expected, reports Julie MacIntosh

UK: Practitioners fear that the worst may be yet to come

Banks need to come clean on the extent of problems, says Jonathan Moules

Asia: A rescue culture still in process of emerging

Matters are improving but foreign creditors have to tread warily, writes Ross Tieman

Cost control: Beware of cutting off the branch on which you sit

Reducing spending has to be done with care or damage could result, says Ross Tieman

Europe: Frameworks have improved

In spite of the problem of fragmented jurisdictions, updated insolvency regimes are playing their part, reports Ross Tieman

Consumers: Reconnect with your customers

Knowing your market is as important as ever, says Ross Tieman