The swift and decisive response of policy makers across OECD countries helped businesses bridge short-term liquidity gaps caused by the COVID-19 pandemic, thus averting a widespread insolvency crisis. But the shock is likely to translate into a long-lasting increase in leverage and distress across firms, which could depress investment and job creation for a while. This policy brief outlines some of the challenges and possible responses to such a situation.
Firms that occupy top positions in the rankings of the world’s leading law firms for cross-border restructuring and insolvency matters have proven that they have what it takes to meet the ever-increasing demands of clients in this highly complex field. The rankings are based on a year-long process of research and writing, including a questionnaire sent to hundreds of firms that provides them with the opportunity to self-report their capabilities. Client and peer evaluations and reviews also contribute to the final rankings, which are published in U.S. News & Best Lawyers.
Katten’s dedicated Restructuring, Insolvency and Bankruptcy practice has in-depth experience handling all types of in-court and out-of-court bankruptcy proceedings and workouts, as well as bankruptcy litigation, distressed M&A and Section 363 transactions. The Firm regularly represents debtors, official and unofficial creditors’ committees, secured lenders, trade creditors, administrative agents, indenture trustees and equity sponsors.
In addition, the Firm has advised companies, financial institutions and government agencies on issues arising out of cross-border insolvency matters, including the resolution of multi-billion dollar debt restructurings and workouts and the protection and enforcement of creditor rights, both domestically and internationally. The Firm’s attorneys are widely recognized for their creativity in developing novel and efficient solutions for clients, often bringing a business-oriented approach to these complex assignments.
The Firm’s London office has a strong and sophisticated bankruptcy, insolvency and recovery practice that has acted on numerous complex international matters involving companies and individuals. Its lawyers regularly advise investors, lenders, directors, equity sponsors and portfolio companies in connection with their rights and obligations in financially distressed situations and on the restructuring, reorganization or liquidation of companies. They also represent creditors’ committees, indenture trustees and unsecured creditors’ associations. The team is a leader in the area of distressed investments and reorganizations, including cross-border and domestic cases involving the automotive, insurance, financial services, property and energy industries. The Group is frequently named by Global Restructuring Review to its GRR 100, the publication’s guide to the world’s leading law firms for cross-border restructuring, Top Insolvency Firms and recovery work. The Firm has been included on the 2022 edition of the GRR 30, an elite selection of its highest-ranked colleagues, based on their global reputation for excellence, record of innovation and premier clients. The full rankings are available on the GRR website. (Subscription required).