Lucrative deals are hard to come by these days for investors looking to extract value from distressed companies around the world. As global markets become increasingly sophisticated success will be determined by those who know how to navigate local corporate legal and cultural terrains. At the 2007 Wharton Restructuring Conference turnaround consultants and distressed asset investing experts noted that calibrating strategies for individual markets obtaining accurate information and building trust are more important for a successful outcome than spreadsheets and financial models. ”What you don’t know will kill you ” one panelist said.