Presentation of report no. 3/2012, „Corporate Restructuring – Resurrection or Reanimations?“

The Competition Authority has published a report. No. 3/2012 „Corporate Restructuring 2012 – Rescued or Reanimated?“. The report is a follow-up to the regulator's previous report. No. 2/2011, Competition after the crash, which published the results of a study on the situation of 120 companies in key competitive markets. The main conclusion of the new report is that the banks' dominance over companies has been greatly reduced, but the high level of corporate debt is a cause for concern. This applies to both companies that have undergone restructuring and those that have yet to complete it. The report's findings were discussed in more detail in a press release published at the weekend.

 

The Competition Authority followed up the report by convening a discussion meeting on its contents this morning. The Authority invited a group of around twenty people from the business community, the banking sector, the government and the media to the meeting. Páll Harðarson, CEO of Nasdaq OMX Iceland, chaired the discussion at the meeting.

 

Attached are photos from the discussion panel. More photos can be seen at Facebook the Competition Authority's website.