Events | 22 May 2019
Corporate Governance in Distress Situations
Partner Rick Wynne will be part of a panel on “Corporate Governance in Distress Situations” at the American Bankruptcy Institute’s annual New York City Bankruptcy Conference on Wednesday, May 22.
The panel will explore what strategies sponsors are using to retain control (or at least a stake) through the bankruptcy process, as well as the risks to sponsors, such as fiduciary duties; use of special committees as sword and shield; related-party transactions; sponsor affiliates purchasing debt in the portfolio company’s capital structure, as well as 10b-5 compliance; and selling or spinning off assets/business units (Caesars, Cengage, Nine West, PetSmart, Sears, Toys).
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