RESTRUCTURINGS
Extracting Value from ai
USstressed Enterprise Second Edition
The definitive reference for
restructuring professionals
In the second edition of the
highly acclaimed book, the leading US law firm, Weil, Gotashal & Manges LLP draws on
the firm's collective expertise to explain how you can extract value from a distressed
business. This authoritative book offers insights for creditors, investors and companies;
explains how to make the restructuring outcome more predictable; details the entire
restructuring process; discusses out-of-court restructurings; examines Chapter 1 1
proceedings; investigates specialised restructurings; and examines other general
considerations including lender liability, derivatives, tax and bankruptcy crimes.
A monumental, scholarly
and practical work... I recommend it highly as a significant and necessary desktop edition
for every practitioner and academic. Leon S Forman, Counsel to the firm of Blank Rome
Comisky & McCauley HP.
A highly detailed,
comprehensive guide to the complexities of restructurings that will greatly enhance the
reader's understanding of all concepts involved.
A monumental, scholarly
and practical work ... I recommend it highly as a significant and necessary desk top
edition for every practitioner and academic. Lean S. Forman, Counsel to the Firm of
Blank Rome Cominsky & McCauley LLP
... this reader-friendly
book ... successfully intertwines the ever so important legal and business issues
implicated by bankruptcy law. Professor Karen Gross, New York Law School, author of
'Failure and forgiveness: rebalancing the bankruptcy system'.
Written by the leading US law
firm Weil, Gotshal & Manges LLP, the second edition of this highly acclaimed guide
draws on the firm's collective expertise to explain how you can extract value from a
distressed business.
An invaluable reference for
all restructuring professionals in all jurisdictions, the book offers invaluable analysis
for creditors, investors and companies. Examining different situations and contexts, it
discusses the public policies to be served and the operation of the Bankruptcy Code -
helping to make the outcome of restructuring more predictable.
Focusing on the most
developed and sophisticated jurisdiction for restructuring - the United States - this book
provides a unique operational template. Divided into four parts, Restructurings:
Extracting Value from a Distressed Enterprise explains in detail the law, customs and
techniques at the core of restructurings:
Chapter I: Out-of-court
restructurings
Out-of-court restructuring or
Chapter II : when and how to choose?
Dealing with senior lenders
Restructuring junior debt:
dealing with junk bonds and exit consents
Utilizing strucutured
financing techniques
Chapter II Proceedings
Chapter II of the Bankruptcy
Code: a summary
The National Bankruptcy
Review Commission
Report: a summary
Bankruptcy jurisdiction
The roles of creditors' and
equity committeesthe US trustee, professionals and meditators
Financing a Chapter II case:
debtor in possession financing
Preferential and fraudulent
transfers
Purchases of financially
troubled companies or heir assets
Chepter III:
Specialised restructurings
Pre-packaged Chapter II case
considerations and techniques
Transnational restructurings
and insolvencies Mass Tort Chapter II cases
Special provisions relating
to Chapter II airline cases
IV General considerations
Fiduciary duties of directors
of financially
troubled corporations
US Securities Laws
implications of corporate
restructurings
Lender liability
restructurings
Trading in debt securities:
bankruptcy and
securities laws implications
Derivatives
Real estate considerations
Tax considerations
Environmental considerations
Collective bargaining
agreements, employee benefits, and executive compensation
US Competition Law
considerations in corporate restructurings
Treatment of Intellectual
Property licences in bankruptcy
Bankruptcy crimes
Table of Case
687 pages