Event Details
Overview
For many multinational companies in China, long-term success lies not only in finding and executing on the right investment opportunities, but also in navigating the difficult course corrections when businesses are underperforming. This is particularly true under current market conditions in China that have brought stronger financial and operational headwinds in some sectors. Sometimes the decision is to restructure and pursue a turnaround strategy. In other cases, the strategy is to exit and wind down the underperforming business. This webcast featured two senior legal and operational professionals with deep experience implementing turnarounds, restructurings and wind-downs in China. The speakers shared their lessons learned to help organizations navigate such important business changes successfully, specifically addressing:
- Restructurings and Turnarounds: Overview of the process and strategies for enhancing legal and operational performance through turnarounds and restructurings.
- Liquidations and Exits: The process for winding down businesses in China, including common pitfalls, dealing with employees, customers, suppliers, Chinese government agencies and other stakeholders involved in securing necessary approvals and risk mitigation practices for protecting people, intellectual property and other assets.
Speakers
Robert M. Oberlies, Attorney and China Practice Group Co-Chair, Fredrikson
Jay Hoenig, Director at East West Associates and Former GM of Bechtel Industrial & Chairman of the American Chamber in Shanghai
