POSSIBILITY OF RECESSION
The smart money is confirming this: the possibility of a recession. For example, as Reuters Legal reports, former Goldman Sachs’ Chief Executive Officer Lloyd Blankfein indicated that an economic downturn was “a very, very high risk factor.”
FOCUSING ON RESTRUCTURING AND INSOLVENCY
Therefore, on an exploratory basis – or in a more serious mode – businesses are or will be focusing on the ins and outs of restructuring and insolvency. Those businesses, along with financial and law firms, will find useful the International Comparative Legal Guide (CLG) to Restructuring & Insolvency Laws & Regulations 2021-2022. It has been published by the Global Legal Group Ltd. in London, with the “Preface” by Contributing Editor Jat Baines of Macfarlanes LLP.
PAUL WEISS PARTNERS IN PUBLISING LOOP
Paul Weiss is thrilled to announce that two of its own had been a part of that book-publishing project. Here is the Paul Weiss Client Memorandum with the details.
The two partners Alan Kornberg and Elizabeth McColm wrote the USA chapter for the book. Here is that chapter, available to be read, at no charge.
Essentially Kornberg and McColm discuss the key issues to consider when a company is in financial difficulties. Those include the restructuring options, insolvency procedures, cross-border concerns, COVID factors, and more.
More specifically, what the chapter covers are these topics:
Overview
Key issues to consider when the company is in financial difficulties
Restructuring options
Insolvency procedures
Tax
Employees
Cross-Border Issues
Groups
Covid-19
The Future.
PAUL WEISS
The law firm has a formal Restructuring Practice.
It is proud to showcase on the webpage for that practice this:
“The thing that strikes you the most about Paul, Weiss is the depth of the practice. They just have a large number of senior partners, all of whom are of an outstanding quality.” – Chambers USA, Band 1 for Bankruptcy/Restructuring (Nationwide and NYC) and “Bankruptcy Law Firm of the Year” in 2019.
Since 2008, Brad Karp has been Chairperson of Paul Weiss. His transactional and litigation work has been primarily for the financial sector. SuperLawyers provides a backgrounder on that.
Connect with Editor-in-Chief Jane Genova at janegenova374@gmail.com. Now and then she does freelance assignments for professional services firms such as Paul Weiss.