Hogan Lovells and Jefferies discuss cross-border restructuring issues

Hogan Lovells’ US Business Restructuring and Insolvency Practice head Chris Donoho and partner Ron Silverman, along with Jefferies’ Restructuring and Recapitalization Group co-head Richard Morgner, recently joined Debtwire legal analyst Richard Goldman to discuss current issues concerning cross-border restructurings. During the discussion, the panel addressed the factors that prompt foreign-based companies to avail themselves of the US Bankruptcy Code in lieu of local insolvency proceedings, the hurdles that such companies must overcome to secure a US court’s administration of their Chapter 11 cases and pitfalls that foreign-based companies may encounter in the US. The panel also reflected on some recent cross-border cases, including Abengoa, Hanjin Shipping and Baha Mar.

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