Reorg Blog

Written by Shan Qureshi, Senior Legal Analyst || A rebalance of stakeholder power in the traditionally debtor-friendly restructuring regime of France took hold in October with the introduction of a new pre-insolvency measure, sauvegarde accélérée. France follows the Netherlands and Germany, which have both introduced their own new creditor-friendly restructuring tools - the WHOA and STarug, respectively - in compliance with the EU directive on preventive restructuring frameworks. The three new processes join the English law Part 26A Restructuring Plan, with all containing a cross-class cramdown power, albeit with varying degrees of court involvement and disclosure as discussed on our recent...

Since 2019, Reorg's Asia Core Credit team has been publishing updates on the Chinese real estate industry, as PRC government-driven credit tightening put smaller debt-laden Chinese real estate developers under immense pressure. This has played out over many months and our most recent updates laid out the new measures released by the Beijing municipal govenment for the supervision and administration of the real estate companies' presale funds. The proposal aims at stregthening the regulation of presale funds, which include homebuyers deposits, down payments, mortgage payments and other payments, ensuring the delivery of projects, protecting home buyers' rights and promoting the healthy...

  Join Reorg on Nov. 10 at 11 a.m. ET as we discuss student housing in the latest installment of our webinar series. Our coverage team will provide an overview of higher education finance and the life cycle of student housing. Topics will include recent workouts and current trends in student housing new issuance as well as the larger backdrop of enrollment and the evolution of higher education following the Covid-19 pandemic.    Key topics: Overview of the industry and macro trends Discussion of current workouts, defaults and technical defaults Drivers of performance and distress Discussion of current issuance  Presenting...

Written by Sreekanth Mallikarjun, Chief Data Scientist || This article was originally published to Forbes.com. Many new companies are hiring data scientists with the goal of leveraging their existing data to create business growth. I was hired five years ago to establish data science at Reorg. Throughout this time, I worked with many teams — business, commercial, technology, product and C-level. Through collaboration on various projects, I discovered the importance of educating non-technical stakeholders on the strengths and weaknesses of data science approaches. While data scientists are often seen as excellent problem solvers, they cannot solve business problems alone. (more…)

Will the new French accelerated safeguard proceedings, in force from Oct. 1, make France a more creditor-friendly restructuring jurisdiction?  The new French restructuring tool has introduced cross-class cramdown and a new post-money privilege. Join Reorg and our panelists as we evaluate how the French restructuring tool could be used in practice and also examine how the French courts could improve disclosure and transparency. In this webinar we'll also discuss whether the new French restructuring tool has made France a more creditor friendly jurisdiction. We will evaluate the introduction of cross class cram down and the new post petition privilege. Our panel...

In the world of corporate restructuring analysis, understanding the financial jeopardy that a company, credit or corporation may be experiencing can make or break your next business deal. There is an abundance of intelligence and data that must be collected during the analysis process, and gathering all of it may take hours of work from an entire team of professionals. The Reorg Platform was built specifically for investment managers, investment bankers, lawyers, professional services and corporations to help them make more informed decisions for themselves and their clients. Here are 5 ways in which our platform can assist you and your team...