Ten Observations Relevant to Corporate Debt Restructuring in the EMs

The chapter presents ten principal observations regarding certain key differences in corporate debt restructurings between EMs and AEs and which impact directly on the processes and outcomes. These observations have been distilled from the authors’ years of work in EM restructurings based on their own experience, as well as that of fellow senior restructurers. The chapter surveys the explanatory factors for each observation, citing relevant literature and professional experience.