Distressed companies must communicate bad news, say panellists
Isabelle de Malghaes Pinto Saval, Ignacio Quesada, Fernando Del Castillo and John Vetterli
Latin American companies facing insolvency amid turmoil in the commodities market and currency devaluations should be prepared to be transparent with creditors, take prompt action and release equity to ensure an efficient restructuring, heard attendees at the first Latin Lawyer - GRR Restructuring Summit, held in New York yesterday.
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