Dates                                                                          

14 July 2010
9 December 2010
1 February 2011
12 May 2011
22 November 2011

Course Overview

In response to difficult market conditions and continued pressure from institutional investors and/or commercial bankers, a corporate restructuring seeks to maximise shareholder value through the re-arrangement of the equity ownership and debt obligations of parent companies and their subsidiaries.

The processes described in this course allow a company to release cash, revert to core competencies, improve profits and, where publicly quoted, to enhance a stockmarket following.

If, however, it appears that a company is sliding towards insolvency, its directors and advisers will benefit from a clear understanding of the options available for companies in financial distress so that appropriate action can be taken while there is still time to make a difference.

Course Content

Background
When should a restructuring be considered
When it becomes unavoidable
Preliminary considerations

Equity Restructuring
Rationale
Clarifying the objectives
Carve-outs or partial spin offs
Spin-offs, split-offs & split ups
Tracking stock
Valuing a subsidiary

Avoidance of potential taxes
Income tax, capital gains tax, stamp duty & VAT
Corporation tax, stamp duty land tax & balancing charges
Degrouping charge

Demerger Mechanics
Tax planning and tax reliefs
Direct dividend and triangular structures
Direct / indirect reduction of capital
Statutory demergers
Schemes of reconstruction
Liquidation schemes
Schemes of arrangement
Pre-sale hive-downs

Managing a turnaround
Gradual decline or quick descent
Is a turnaround possible?
Qualities required in a turnaround manager
Assessment of the management team
Directors’ insolvency responsibilities
Immediate action & crisis mentality
Cash flow focus & crisis stabilisation
Formulating a workable restructuring plan
Handling the creditors
Negotiating the options
Completion

IN ADDITION TO THE PUBLIC DATES ABOVE, THIS COURSE CAN ALSO BE TAILORED TO YOUR REQUIREMENTS AND DELIVERED IN-HOUSE FOR YOU.

PLEASE CIRCULATE THIS PDF AMONG YOUR COLLEAGUES!


IF YOU HAVE ANY QUESTIONS ABOUT THIS SEMINAR PLEASE WRITE TO US AT post@redcliffetraining.co.uk


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