Bloomberg BNA’s Corporate Law & Accountability Report is available on the Corporate Law Resource Center. This news service keeps corporate practitioners informed of legal developments of...
By Yin Wilczek
June 16 — Corporate restructuring is anticipated to increase dramatically across the Asia-Pacific in the next 12 months, a new survey finds.
In a poll of 150 bankers, lawyers, government officials and fund managers in the Asia-Pacific, AlixPartners LLP found that 93 percent expect the number of corporate restructurings to increase this year.
“That represents a significant uptick” given that only 66 percent of respondents in 2013, and 70 percent of respondents in 2014, felt this way, AlixPartners said.
The survey also found that mergers and acquisitions will be the main vehicle for restructuring, as indicated by 90 percent of the respondents.
This is the third year that AlixPartners has commissioned its survey on the outlook for corporate restructuring in the Asia-Pacific. The survey was conducted by Remark from November 2014 to January 2015.
According to the survey, the top driver for restructuring in the Asia-Pacific is global macroeconomic uncertainties causing distress in the area. In particular, survey respondents cited the slowdown of the Chinese economy and mounting corporate debt across the region.
The respondents also expect the restructuring to increase in varying degrees across the region, the survey found. The top countries that are expected to see increased restructuring activity are Japan (indicated by 97 percent of the respondents), New Zealand (93 percent), South Korea (87 percent) and Greater China (85 percent).
As to the likeliest forms of restructuring, after mergers and acquisitions, the respondents picked employee layoffs (76 percent), cash flow forecasting (70 percent) and exploration of new markets (70 percent).
To contact the reporter on this story: Yin Wilczek in Washington at firstname.lastname@example.org
To contact the editor responsible for this story: Ryan Tuck at email@example.com
The survey is available at http://www.alixpartners.com/en/MediaCenter/PressReleases/tabid/821/articleType/ArticleView/articleId/1681/Corporate-Restructuring-to-Significantly-Increase-across-Asia-Pacific-According-to-AlixPartners-Experts-Survey.aspx#sthash.cd99D7rn.dpbs.
All Bloomberg BNA treatises are available on standing order, which ensures you will always receive the most current edition of the book or supplement of the title you have ordered from Bloomberg BNA’s book division. As soon as a new supplement or edition is published (usually annually) for a title you’ve previously purchased and requested to be placed on standing order, we’ll ship it to you to review for 30 days without any obligation. During this period, you can either (a) honor the invoice and receive a 5% discount (in addition to any other discounts you may qualify for) off the then-current price of the update, plus shipping and handling or (b) return the book(s), in which case, your invoice will be cancelled upon receipt of the book(s). Call us for a prepaid UPS label for your return. It’s as simple and easy as that. Most importantly, standing orders mean you will never have to worry about the timeliness of the information you’re relying on. And, you may discontinue standing orders at any time by contacting us at 1.800.960.1220 or by sending an email to firstname.lastname@example.org.
Put me on standing order at a 5% discount off list price of all future updates, in addition to any other discounts I may quality for. (Returnable within 30 days.)
Notify me when updates are available (No standing order will be created).
This Bloomberg BNA report is available on standing order, which ensures you will all receive the latest edition. This report is updated annually and we will send you the latest edition once it has been published. By signing up for standing order you will never have to worry about the timeliness of the information you need. And, you may discontinue standing orders at any time by contacting us at 1.800.372.1033, option 5, or by sending us an email to email@example.com.
Put me on standing order
Notify me when new releases are available (no standing order will be created)