Recovery and reorganisation

Sometimes companies fail. Or they teeter on the brink of failure. Increasingly there is a willingness among financial stakeholders to embrace a 'rescue culture'. There's a recognition that the early use of formal insolvency procedures might not be the best way to safeguard financial stakes. Sustainable turnaround and sustained improvement may be possible if the right steps are taken.

First, though, the problems need to be diagnosed. What has brought the company to this point, and what are the options? Grant Thornton member firms - 50 of them in key business centres around the world - have become experts in recovery and reorganisation. They share best practice and methodologies to meet the legal, commercial and cultural challenges that cross-border projects bring.