Worldwide: Financial Restructuring

The US flat-rolled steel market reveals a critical disconnect between production capacity and actual material availability, creating unexpected financial pressures for industrial manufacturers. As hot-rolled coil constraints intensify due to trade policy shifts and infrastructure demands, procurement challenges are rapidly transforming into enterprise value issues that extend far beyond the purchasing department. Manufacturing leaders must now recognize that steel availability serves as an early warning sys

California practitioners navigating residential foreclosures should take note of a significant new decision from the Ninth Circuit Bankruptcy Appellate Panel.

Explore Ankura's latest insights spanning pharmaceutical manufacturing reshoring challenges, cybersecurity threats targeting crypto users, construction joint venture governance failures, and Saudi Arabian debt restructuring. Discover how industries are navigating capital deployment constraints, regulatory complexity, and emerging risks across healthcare, banking, data centers, and technology sectors.

Delaware has become the sixth state to adopt the Uniform Assignment for Benefit of Creditors Act, creating a more streamlined framework for distressed companies. This new legislation offers an alternative to Chapter 11 bankruptcy for Delaware-organized companies lacking liquidity, featuring assignee independence, structured claims administration, and Court of Chancery oversight. The Act's implications are significant given that over 60% of publicly traded U.S. companies are organized in Delaware.

Subchapter V was designed to help small-business debtors reorganize in Chapter 11 with less cost and on a faster timetable than a traditional Chapter 11.

The U.S. distressed commercial real estate market faces mounting pressure from high interest rates, overleveraging, and an approaching wave of loan maturities. Real estate experts explore why conditions in multifamily, office, and hotel assets may be worse than widely reported, and outline practical strategies for borrowers to protect their interests in an increasingly challenging refinancing environment.

A Delaware bankruptcy court has ruled that trustees can pursue fraudulent transfer recovery from subsequent transferees without naming the initial transferee as a defendant, though they must still prove the initial transfer was avoidable. This decision resolves a circuit split by adopting the majority view that treats avoidance as an element of liability rather than a prerequisite action, potentially streamlining bankruptcy litigation and estate recovery efforts.

Life sciences companies with promising science and strong management can still face severe financial distress due to failed trials, regulatory delays, or collapsed financing.

Led by our Creditors’ Rights attorneys, this summer series brings the classroom to the courtroom, drawing on real, headline-making cases to explore the tools, tactics, and legal frameworks that matter most to lenders navigating distress.