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PRODID:-//Session events Calendar//IBA//EN
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DTSTAMP:20260404T153750Z
DTSTART:20181011T161500Z
DTEND:20181011T173000Z
SUMMARY:Clash of cultures: how cultural differences can impact on the rel
 ative success or failure of a corporation in financial distress seeking 
 to restructure
DESCRIPTION:Corporations with cross-border interests looking to restructu
 re both inside and outside of formal court proceedings face difficulties
  when the legal and cultural norms of the jurisdictions in which they op
 erate are at best inconsistent\, or worse\, in conflict.  This session w
 ill address the issues faced by these corporations in various jurisdicti
 ons\, including but not limited to the attitudes of management\, the tre
 atment of creditors\, the appetite for investment into corporations in f
 inancial distress\, the existence of penalties against directors for fai
 lure to act and the existence of a legislative framework that facilitate
 s restructurings\, including early warning tools. The panel will discuss
  these issues and describe the manner in which they contribute to the su
 ccess or failure of a restructuring.
LOCATION:Session Room C\, Level -1
UID:85b41d92-41e3-416e-9c78-3acb4828d980
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