Global Restructuring Review
Howard Morris, head of Business Restructring and Insolvency in London, authored an article for Global Restructuring Review that argues why we should look to the “analogue” tools of yesteryear to tackle the nuclear winter that’s set to follow the coronavirus’ economic impact.
“We are now temporarily in a centrally planned economy with enterprises eking out their existence with the support of the government,” Howard writes. “How do we get from this to a healthy economy where the most efficient businesses succeedand consume the market share and acquire the assets of the least efficient? This is going to be a challenge in weaning. We shall need a coarse filter to dispose of the inefficient enterprise so that new growth can come through.”
Read the full article.