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WL Ross and Plascar
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Reference: HBS-209091-E
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Year: 2006
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Number of pages: 16
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Publication Date: Mar 4, 2009
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Fecha de edición: Nov 25, 2009
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Source: HBSP (USA)
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Type of Document: Case
Description
How can distressed investors take advantage of the procedures governing an international bankruptcy? Wilbur L. Ross, chairman and CEO of the private equity firm WL Ross & Co., LLC, has the opportunity to bid for debt and equity claims on Plascar Industria e Comercio Ltda., the Brazilian subsidiary of the bankrupt global auto components company Collins & Aikman Corp. In evaluating this opportunity, students must analyze Ross's strategy to reshape a global industry with significant overcapacity, consider the opportunities created by the legal procedures that govern cross-border insolvencies, study a debt overhang problem, and consider how restructuring alternatives can address this problem.