ME PoV Spring 2010 issue
The Middle East takes a fresh look at restructuring
In the post-Dubai World era, a fresh look at restructuring is required, which should no longer be forced on companies nor carried out behind closed doors. The region has embraced a process akin to that found in the developed economies and managements should recognize, and be ready to embrace, the new regime.
Early action is nevertheless strongly recommended: there is much that companies can, and should, do to arrest a deteriorating situation and avoid passing the initiative and control to the banks.