FROM RED TO BLACK THE YEAR IN RESTRUCTURING 2016 Welcome to the second edition of From Red to Black in which we analyse the critical developments in the Australian restructuring market in FY16. You can explore our online version here, which will give you easy access to the key messages, or you can enjoy the detail in our full review by clicking here . Our aim remains as it was last year ‒ to provide you with expert commentary on the key restructuring trends in FY16 and outline our expectations for FY17. This review is aimed at everyone involved in the turnaround process; from the boards of financially challenged companies to the providers of the money (whether they be traditional lenders, funds or debt traders) to insolvency practitioners. We were delighted with the response last year to the inaugural From Red to Black . We hope that this edition is equally well received. We are more than happy to discuss any of the issues that we have identified and look forward to that discussion with you.