SMU-IPAS Advanced Certificate in Insolvency and Restructuring Module 3: Informal Restructuring Options
About This Course
Where there is a fundamentally good business, there are opportunities to restructure the business both operationally and financially, and therefore save it. This is more likely to be achieved if steps are taken earlier rather than waiting until the only real option left is to close down the business.
This module covers the technical and legal aspects of informal restructuring, i.e., restructuring outside of formal court processes. Participants will learn how to change the composition and/or structure of a distressed debtor company’s assets and liabilities, without the Court’s intervention. The course also reviews both operational restructuring as well as financial restructuring, and how other issues arising from such an exercise need to be managed.
What You'll Learn
• Understand when is informal restructuring a suitable and viable alternative
• Know the advantages and disadvantages when compared to formal restructuring options
• Understand the practical processes and concerns in an informal restructuring
• Apply the tools and options in informal restructuring
• Know how directors’ duties need to be managed in the twilight zone
Entry Requirements
Participants should preferably be a degree holder, in any discipline, and have at least one year of working experience.