Olga Savina, a partner and the head of the Restructuring and Bankruptcy Practice, took part in the eleventh annual Russian Financial Forum that the newspaper Vedomosti organizes.
She explained why the cost of bankruptcy versus debt costs is much lower and why it is more advantageous for businesses to launch bankruptcy proceedings than to restructure.
On the topic of debt optimization, Ms. Savina expressed her views about the development of restructuring procedures. She noted that, when assessing the value of a business, it is necessary to take into account not only the impact of future profits that assets will generate but also the possible costs of bankruptcy in the future.
The program of the forum is available at: https://events.vedomosti.ru/events/ffr19/pages/online