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19 October 2018

Financially Distressed Companies Answer Book 2019

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A&O Shearman

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A&O Shearman was formed in 2024 via the merger of two historic firms, Allen & Overy and Shearman & Sterling. With nearly 4,000 lawyers globally, we are equally fluent in English law, U.S. law and the laws of the world’s most dynamic markets. This combination creates a new kind of law firm, one built to achieve unparalleled outcomes for our clients on their most complex, multijurisdictional matters – everywhere in the world. A firm that advises at the forefront of the forces changing the current of global business and that is unrivalled in its global strength. Our clients benefit from the collective experience of teams who work with many of the world’s most influential companies and institutions, and have a history of precedent-setting innovations. Together our lawyers advise more than a third of NYSE-listed businesses, a fifth of the NASDAQ and a notable proportion of the London Stock Exchange, the Euronext, Euronext Paris and the Tokyo and Hong Kong Stock Exchanges.
Partner Fredric Sosnick (New York-Financial Restructuring & Insolvency) has just released the latest issue of Financially Distressed Companies Answer Book 2019 for the Practising Law Institute (PLI).
United States Insolvency/Bankruptcy/Re-Structuring

Partner Fredric Sosnick (New York-Financial Restructuring & Insolvency) has just released the latest issue of Financially Distressed Companies Answer Book 2019 for the Practising Law Institute (PLI). The book describes issues faced by management, vendors and creditors dealing with financially distressed companies.

The book serves as an up-to-date reference tool for bankruptcy practitioners and non-bankruptcy professionals who are interested in obtaining working knowledge on the bankruptcy process, from identifying the first signs of financial distress to implementing a plan of reorganization.

Topics discussed in Financially Distressed Companies Answer Book include:

  • The roles and fiduciary duties of directors and management in distress situations
  • Rights and limitations of creditors in dealing with companies in distress and in bankruptcy
  • Concepts and considerations relating to out-of-court restructurings
  • Cross-border reorganizations and issues in international restructurings
  • Key concepts in U.S. bankruptcy cases; illustrative timelines to help guide strategic planning
  • Practice and cautionary tips to provide guidance on issues such as how to recognize financial distress, when the securities laws might require disclosure and what actions a creditor may take to protect its rights or limit its exposure

Fred focuses on advising clients in connection with large and complex domestic and international out-of-court restructurings and U.S. Chapter 11 cases. He represents debtors, official creditors' committees, lender groups, DIP lenders, creditors and acquirers of assets.

Order the Financially Distressed Companies Answer Book 2019

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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