Energy Markets | 233,000 Jobs Lost Worldwide

Global energy markets have been suffering for some time leading to large restructures and insolvencies.  According to Swift Worldwide Resources, about 233,000 jobs worldwide had disappeared from the sector since the collapse of crude prices in the latter part of 2014.
 
In a recent report, Deloitte stated it did not anticipate smooth sailing in the near future suggesting the shift in demand from North America and Western Europe to Asia Pacific and Middle East would change the traditional dynamics.
 
Taylor David has significant experience acting for private and listed distressed resources and industrials sector companies, for debt restructure and refinance deals in excess of US$200 million. 
 
“It is important to be pro-active rather than reactive in turbulent financial times,” Taylor David partner Scott Taylor said. 
 
“All of our services are designed to remove the stress associated with financial decline and focus on turnaround where possible,” he said.

“ Ranging from negotiating with small trade creditors and the Australian Tax Office to global financial institutions, we can assist to find a solution or at the very least, provide guidance to mitigate loss.”
 
A number of Taylor David’s clients are insolvency practitioners (that is liquidators and voluntary administrators) inclusive of accounting firms within the global top four. 
 
Acting on behalf of insolvency practitioners to pursue directors and transactions in an insolvency context places Taylor David in a unique position to provide practical forecasts on what a director or company may expect should external administration be necessary.
 
Mr Taylor said a variety of options were available to assist the turnaround process.
 
“Our focus is on reviewing, restructuring, refocusing and refinancing where possible. 
 
“There are a number of methods through which a turnaround can take effect, however each is subjective to the individual company.”
 
Taylor David offers confidential, obligation free meetings to discuss viable options.