Crisis communication with financing partners: 5 typical pitfalls and how to avoid them
Recommendations for action by Ralf Ehret, enomyc Partner and Head of Debt AdvisoryDuring a corporate crisis, many things change, including the relationship between the company and its financiers. Internal regulatory requirements lead to changes vis-à-vis lenders' engagement strategies and new contacts. Communication requirements also increase in many respects. Those who fail to recognise this risk a communicative downward spiral and thus potential existential consequences. Why is correct crisis communication so crucial for a successful restructuring? And how does it work exactly?