“Restructuring and financial reorganization of company as a factor of business efficiency and stability”: FBK’s opinion

Date of publication

21.04.2011

On April 19, 2011 a meeting of Corporate Responsibility Committee of the Russian Managers Association devoted to “Restructuring and Financial Reorganization of Company as a factor of business efficiency and stability” was held in Moscow. FBK were represented at the event by the Committee’s Chairman, Director of FBK’s Corporate Finance and Capital Markets Department, Artem Korsovsky, Manager of FBK Legal’s Corporate Practice, Andrew Shkadov and Director of FBK’s Corporate Management Department, Andrew Rekshinsky.

Andrew Shkadov covered in his speech legal aspects of business restructuring. Inter alia—essential requirements of legislation which are to be considered when planning restructuring. According to him it is necessary to find the best way of formalizing relations with employees. Based upon successful projects of FBK Legal, Andrew also told about some difficult cases during reorganization support.
Andrew Rekshinsky told about restructuring the core business providing the example of the largest Russian gas company. “The principal objective of enhancing company’s corporate management structure is improving efficiency of work through streamlining management of main operations at the level of subsidiaries — extraction, shipment, processing and storing of gas”, the expert noted.
As Artem Korsovsky noted, the Committee’s meeting attracted great interest of business community: “Over 60 persons registered for the event — it’s a record for all Committees of the Russian Managers Association. A lot of aspects of restructuring were considered exemplified by practical cases”.

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