The Turnaround Podcast with Stephen Phillips, Episode 7

In this episode of The Turnaround Podcast, Stephen Phillips interviews John Roche, an experienced leader in restructuring advisory following his former career as a CEO of a drillships company and investment banker. John has overseen billion-dollar transactions and led major restructurings. John is Principal at Province, an industry-leading, nationally recognized consulting firm of senior business leaders specializing in financial advisory, corporate reorganization, and trustee-related services.

Tune in to the episode to hear about:

* Career Background: John Roche talks about the start of his career in investment banking at Morgan Stanley before joining Seadrill, a company heavily involved in offshore drilling.

* Financial Restructuring: In 2018, facing the need to insulate Seadrill Partners (SDLP) from its parent company's bankruptcy, Roche and his team successfully managed the company through a restructuring process.

* CEO Tenure and Second Restructuring: Roche goes over his journey of working with SDLP with a clear restructuring mandate.

* Lessons Learned: Roche emphasizes the importance of proactive preparation, independent board oversight, and securing legal counsel.

* Restructuring Advisory: Roche discusses his current role and outlook for restructuring in the current cycle in Europe

Learn more about John Roche:

* Connect with John on Linkedin: https://www.linkedin.com/in/john-roche-8608459

* Visit John Roche’s website: https://www.provincefirm.com/team/john-roche/

* Follow Province Firm on LinkedIn: https://www.linkedin.com/company/provincefirm/about

* Email: jroche@provincefirm.com

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About The Turnaround Podcast:

In each episode of The Turnaround Podcast, Stephen Phillips speaks to experienced practitioners who discuss their careers, key moments, challenges, and lessons learned in financial turnarounds and business restructuring. Tune in as they unravel the secrets to turning struggling businesses into successful ones.

Watch more episodes of The Turnaround Podcast:

* FreiLibertas Law’s YouTube Channel: https://www.youtube.com/channel/UCWzwWr13TM2692SYEJc-U3g

Connect and learn more from your host, Stephen Phillips:

* LinkedIn: https://www.linkedin.com/in/stephen-phillips-85034324/

* Website: https://www.freilibertas.com/founders-experience

The Turnaround Podcast with Stephen Phillips, Episode 6

In this episode of The Turnaround Podcast, Stephen Phillips speaks with Barney Reynolds, an expert in financial services regulation and partner at the newly merged firm of A& O Sherman, a global law firm equally fluent in U.S. law, English law, and the laws of the world's most dynamic markets.

Tune in to the episode to hear about:

* Barney’s career journey and his experience with Lehman Brothers

* The regulatory reaction, creating a new architecture for regulation, to the Lehman Brothers collapse

* The bureaucratization of the banking industry through over-regulation

* Central Counterparties — how they developed and the role they play in the banking world

* New requirements on reporting of senior management to ensure accountability

* The shift of financial institutions being provided by funds rather than the banks

* Barney’s stance on Brexit and what he sees at the implications

Learn more about Barney Reynolds:

* Connect with Barney on LinkedIn: https://www.linkedin.com/in/barnabas-reynolds-financiallawyerlondon

* Read Barney’s bio on A&O Shearman’s website: https://www.aoshearman.com/en/people/barnabas-reynolds

* Email: barney.reynolds@aoshearman.com

* Phone: +44 20 7655 5528

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About The Turnaround Podcast:

In each episode of The Turnaround Podcast, Stephen Phillips speaks to experienced practitioners who discuss their careers, key moments, challenges, and lessons learned in financial turnarounds and business restructuring. Tune in as they unravel the secrets to turning struggling businesses into successful ones.

Watch more episodes of The Turnaround Podcast::

* FreiLibertas Law’s YouTube Channel: https://www.youtube.com/channel/UCWzwWr13TM2692SYEJc-U3g/

Connect and learn more from your host, Stephen Phillips:

* LinkedIn: https://www.linkedin.com/in/stephen-phillips-85034324/

* Website: https://www.freilibertas.com/founders-experience

The Turnaround Podcast, Stephen Phillips, Episode 05

In this episode of "The Turnaround Podcast," host Stephen Phillips is joined by Lisa Rickelton, Senior Managing Director at FTI Consulting. Lisa brings over two decades of expertise in insolvency and restructuring, specializing in contingency planning and insolvency solutions. Her extensive experience spans advising stakeholders across various sectors and managing complex cross-border situations.

Tune in to this episode to hear about:

* Role of an Insolvency Practitioner: Lisa explains the evolving role of insolvency practitioners, discussing both the early days of her career and the complex tasks she handles today, such as managing company operations during insolvency to save jobs and optimize outcomes.

* Introduction to Insolvency: Lisa shares her journey into the world of insolvency, which began unexpectedly during her time with Arthur Andersen. She recounts her initial experiences and how they shaped her understanding of the industry.

* Tools and Techniques in Restructuring: The discussion covers various insolvency tools, including pre-packaged administrations and restructuring plans. Lisa provides insights into how these tools are applied in practice and the regulatory frameworks governing them.

* Challenges and Criticisms of Prepacks: Lisa addresses common criticisms of prepackaged insolvencies, such as transparency concerns and stakeholder skepticism, explaining the regulatory improvements made to ensure fairness and value preservation.

* Case Study - Adler Restructuring Plan: Lisa delves into the complexities of the Adler restructuring plan, a significant project involving cross-class cram down and cross-border legal considerations, highlighting her role in comparator analysis and court proceedings.

Learn more about Lisa Rickelton:

* Connect with Lisa on LinkedIn: https://www.linkedin.com/in/lisarickelton/

* Follow FTI Consulting on LinkedIn: https://www.linkedin.com/company/fti-consulting/

* Read Lisa’s bio on FTI Consulting’s Website: https://www.fticonsulting.com/experts/lisa-rickelton

***********************************

About The Turnaround Podcast:

In each episode of The Turnaround Podcast, Stephen Phillips speaks to experienced practitioners who discuss their careers, key moments, challenges, and lessons learned in financial turnarounds and business restructuring. Tune in as they unravel the secrets to turning struggling businesses into successful ones.

Watch more episodes of The Turnaround Podcast:

* FreiLibertas Law’s YouTube Channel: https://www.youtube.com/channel/UCWzwWr13TM2692SYEJc-U3g/

Connect and learn more from your host, Stephen Phillips:

* LinkedIn: https://www.linkedin.com/in/stephen-phillips-85034324/

* Website: https://www.freilibertas.com/founders-experience