The Turnaround Podcast with Stephen Phillips, Episode 11

In this episode of The Turnaround Podcast, Stephen Phillips speaks with Saam Golshani, Partner in the EMEA Private Equity team of White & Case’s Global Mergers & Acquisitions practice.

Tune in to the episode to hear about:

- Saam’s career and the complexities of the French restructuring market

- The evolution of French restructuring laws, including the implementation of the EU directive in 2021, which introduced significant changes such as the cross-class cram down mechanism

- Notable case studies like Eurotunnel, Valourec, and a pioneering cross-class cram down deal, highlighting the challenges and successes in these high-profile restructurings

- The relative lack of impact of Brexit on UK-French legal collaboration within the restructuring and finance market

- The current restructuring market,and the future plus the importance of physical fitness to manage stress in the industry,

Learn more about Saam Golshani:

- Read Saam’s bio on White & Case’s website: https://www.whitecase.com/people/saam-golshani

- Connect with Saam on LinkedIn: https://www.linkedin.com/in/saam-golshani-60251b

- Email: saam.golshani@whitecase.com

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About The Turnaround Podcast:

In each episode of The Turnaround Podcast, Stephen Phillips speaks to experienced practitioners who discuss their careers, key moments, challenges, and lessons learned in financial turnarounds and business restructuring. Tune in as they unravel the secrets to turning struggling businesses into successful ones.

Watch more episodes of The Turnaround Podcast:

* FreiLibertas Law’s YouTube Channel: https://www.youtube.com/channel/UCWzwWr13TM2692SYEJc-U3g

Connect and learn more from your host, Stephen Phillips:

* LinkedIn: https://www.linkedin.com/in/stephen-phillips-85034324

* Website: https://www.freilibertas.com/founders-experience

The Turnaround Podcast with Stephen Phillips, Episode 10

In this episode of The Turnaround Podcast, Stephen Phillips speaks with Matthew Prest, Managing Director and Co-Head of Europe at Moelis & Company. With over 25 years of experience in financial restructuring, he advises companies and lenders on complex situations in Europe and Asia.

Tune in to the episode to hear about:

* Role of Financial Advisors: Matthew Prest likens financial advisors to firefighters, highlighting their key role in crisis management and stakeholder trust.

* Importance of Financial Modeling: Prest emphasizes the necessity of financial modeling for assessing liquidity and collaborating on cash flow forecasts.

* Management and Stakeholder Dynamics: Matthew stresses that restructuring success hinges on effective management taking ownership and adapting as needed.

* Navigating Stakeholder Perspectives: Matthew highlights the need for transparency and open communication to ease stakeholder anxiety during distress.

* Legal and Ethical Considerations: Prest notes that directors must prioritize creditors’ interests over shareholders’, requiring a mindset shift for management.

Learn more about Matthew Prest:

* Visit Moelis & Company’s website: https://www.moelis.com

* Follow Moelis & Company on Linkedin: https://www.linkedin.com/company/moelis-&-company

***********************************

About The Turnaround Podcast:

In each episode of The Turnaround Podcast, Stephen Phillips speaks to experienced practitioners who discuss their careers, key moments, challenges, and lessons learned in financial turnarounds and business restructuring. Tune in as they unravel the secrets to turning struggling businesses into successful ones.

Watch more episodes of The Turnaround Podcast:

* FreiLibertas Law’s YouTube Channel: https://www.youtube.com/channel/UCWzwWr13TM2692SYEJc-U3g

Connect and learn more from your host, Stephen Phillips:

* LinkedIn: https://www.linkedin.com/in/stephen-phillips-85034324

* Website: https://www.freilibertas.com/founders-experience

The Turnaround Podcast with Stephen Phillips, Episode 9

In this episode of The Turnaround Podcast, Stephen Phillips speaks to Richard Heis, a Managing Partner at Interpath Advisory. Having been a well known figure on the restructuring and insolvency scene for the last 30 years, Richard is mainly known in the market for banking insolvencies going back to Barings Bank and more recently well known insolvencies as Dunfermline Building Society and MF Global.

Tune in to the episode for these key takeaways:

* Accidental Entry into the Profession: Richard Heis talks about entering the restructuring field by chance after a pivotal experience as an auditor at KPMG.

* Navigating High-Pressure Situations: Richard emphasizes making decisions with imperfect information in high-stakes situations, highlighting differing responses to pressure.

* Evolution of Insolvency Practices: Richard goes over how the field has evolved toward greater ethics and transparency, with technology accelerating banking crises.

* Experience with Iconic Insolvencies: He recalls landmark cases like the Barings Bank collapse, noting a shift to a more aggressive market approach.

* Career Pathways in Restructuring: Richard reflects on restructuring as a springboard for transitioning into senior management, hedge funds, or banks.

Learn more about Richard Heis:

* Connect with Richard Heis on Linkedin: https://www.linkedin.com/in/richard-heis-768678119

* Visit Interpath’s website: https://interpath.com/services/chief-restructuring-officer-services

***********************************

About The Turnaround Podcast:

In each episode of The Turnaround Podcast, Stephen Phillips speaks to experienced practitioners who discuss their careers, key moments, challenges, and lessons learned in financial turnarounds and business restructuring. Tune in as they unravel the secrets to turning struggling businesses into successful ones.

Watch more episodes of The Turnaround Podcast::

* FreiLibertas Law’s YouTube Channel: https://www.youtube.com/channel/UCWzwWr13TM2692SYEJc-U3g/

Connect and learn more from your host, Stephen Phillips:

* LinkedIn: https://www.linkedin.com/in/stephen-phillips-85034324/

* Website: https://www.freilibertas.com/founders-experience