Insights

March 15, 2018
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Numerous academic articles have examined when and under what circumstances related party debt, (e.g. indebtedness issued by one member of a consolidated corporate group to another), may be considered valid debt for tax purposes. Recently, the Michel-Shaked Group’s Israel Shaked (Managing Director) and Paul Dionne (Senior Analyst) published an article in Thomson Reuter’s Journal of Taxation March 2018 issue, which takes a different approach than those that have come before it....

February 14, 2018
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The valuation of relatively healthy companies involves many unknowns. However, the valuation of distressed companies includes additional elements of uncertainty. The Michel-Shaked Group’s Israel Shaked (Managing Director) and Brad Orelowitz (Senior Vice President) published an article in the Jan/Feb 2018 issue of the TMA’s Journal of Corporate Renewal discussing key valuation issues in distressed investing....

December 13, 2017
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Our Managing Director, Israel Shaked, recently presented at the Institutional Investor’s Global Shareholder Activism Conference, co-sponsored by Grant & Eisenhofer. Dr. Shaked's presentation addressed the increased distress among retailers and the role played by private equity firms. He discussed the possibility of the potential increase in fraudulent conveyance claims resulting from leveraged recapitalizations....

November 09, 2017
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Recently, newspapers and financial websites are full of articles discussing distress in the retail sector. The number of store closures and employee layoffs is increasing every week. This year, the number of distressed retail companies has been far greater than any other year in recent history. In the November 2017 issue of the American Bankruptcy Institute Journal, The Michel-Shaked Group’s Israel Shaked (Managing Director) and Brad Orelowitz (Senior Vice President), wrote an article discussing the recent wave of bankruptcies in the retail industry....