New kid in town - the corporate restructuring mediator by Catarina Serra

When the Eagles wrote the song “New kid in town” for their famous album “Hotel California” released in 1977, they were not obviously thinking of the professional Portuguese restructuring player just introduced, which goes by the name of “corporate restructuring mediator” (hereinafter: CRM).

Nevertheless, the metaphor may be helpful to understand the expectations created by the introduction of a new player on the field and the contradictions involved in the general rules applying to the CRM.