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Insolvency Distress Underperformance ull A typical restructuring cycle Economic health 0 Dissolve business Immediate liquidity improvement Cash stabilization in COVID-19 crisis Turnaround advice Performance improvement ill 良 2 Financial restructuring Solvent restructure 3 Distressed M&A Restructuring by transfer 4 島 Time 3 | Tax and Legal Restructuring Services >>>> © 2021 Copyright owned by one or more of the KPMG International entities. KPMG International entities provide no services to clients. All rights reserved.

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