Blog

Ambition and innovation are vital, but only when paired with rigorous planning, collaboration, and pragmatic leadership.

Restructuring in Russia faces challenges due to lack of trust, short-term planning, and discredited parties. Effective solutions require independent consultants to ensure unbiased assessments and foster cooperation between banks and borrowers.

"Rules of thumb" for banks working with a distress situation include creation of a tailored system for working with distressed assets, creation of a competent team and working with professional independent service providers

Conflicts between borrowers and creditors in Russia highlight the need for structured approaches like the "London Approach" and INSOL Principles, especially during crises. These principles, though rarely applied, could improve negotiation outcomes.

To manage a crisis, control cash flow and assess the situation to avoid complications. Strengthen management teams and avoid panic. Future actions depend on the initial response's success, leading to project adjustments or business model changes.

Many misunderstand the purpose of financial modeling in debt settlement... The true objective is to evaluate prospects, explore options, and facilitate negotiations rather than merely creating a calculator.

After a decade in consulting, I joined banking industry to manage distressed assets, learning that effective recovery involves strategic decision-making and adaptability.

Crisis management is vital for CEOs; proactive planning, quick action, and cash flow control are essential.

"Effective leadership during crises is vital for recovery. Key strategies include staying calm, transparent communication, decisiveness, team empowerment, and adaptability. Resilience fosters a culture that helps organizations recover stronger."