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In a downturn, cash really is king

November 2008 - Insolvency & Restructuring. Legal Developments by KPMG LLP.

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‚ÄėCash is king‚Äô is one of those phrases that business executives often pay lip service to, but relatively few really mean it and even fewer really understand what it means. For many of those executives, cash has never been a real issue. It has always turned up when it has been needed.

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