Difference between restructuring in UK and US
I'm currently a 3rd year big 4 auditor in london. I am thinking of trying to transfer to the restructuring practice after i qualify (for a year or so before trying to make the jump to IB or PE) and am getting ready to load up on books to start the learning process.
before i do however, i was wondering, whether the differences in us and uk treatment of bankruptcy e.g. "debtor in possession" etc would make staple books such as Distressed Debt Analysis:, Distress Investing etc etc a bit redundant?
or are most of the models still the same, with just a few consideration differences that should be more or less easy to self teach to input into the models once one has gotten to grips with the "US" way of modelling.
also, are there any new books you guys would recommend? ive also read that restructuring is very similar to LBO modelling and as such the Rosenbaum (university edition???) book is sufficient.
i'm a bit concerned that most top rated restructuring books seem to be five + years old minimum.
many thanks for any advice.
Bump
bump :))
Rusty, this is very specific and I strongly doubt you will find someone on here able to answer to your question. Also because people that do Restructuring in U.S., do not usually do it in U.K. You better ask to your colleagues in the Restructuring team if they see any difference.
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