©Bloomberg

In this issue

A wave of defaults is on its way as recovery falters and banks change attitude

Tide turns in Europe on need to restructure

A wave of defaults is on its way as recovery falters and banks change attitude

US: Improved sentiment buys extra time for LBOs

Investors seeking higher returns have helped, explains Nicole Bullock

Europe: US distressed debt funds scent an opportunity

Company restructuring is likely to become less consensual, writes Robin Wigglesworth

Greece: A special case – or just the first?

Wider issues remain unresolved, says Richard Milne

Omega Navigation oil tanker
©Omega Navigation

Shipping: Move to Chapter 11 no easy option

Lack of preparation often means lack of progress, writes Robert Wright

John Fredriksen
©Rosie Hallam

Tankers: Frontline and General Maritime weathered the storm by different routes

The two fleet operators were a long way from safety in 2011, writes Robert Wright

UK retail: Insolvencies can lead to a fresh start

Administration allows difficult decisions to be made, writes Andrea Felsted

Case study: Petroplus

Multinational insolvency was a complex task, says Anousha Sakoui

Airlines: Flying into area of high pressure

Industry seeks change but faces regulation and competition, writes Ross Tieman

Care home resident

UK: Selective expansion begins to replace cost-cutting

Zombie companies that cannot thrive will face the axe, says Ross Tieman

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