Business is risky. A host of reasons may cause companies to struggle and, in some cases, force a business restructuring or trigger an insolvency proceeding. For those on the unfortunate side of such situations, understanding the options available can be the difference between a second chance or shuttering operations or recouping an investment. For others, opportunities await those poised to acquire the distressed assets. Retaining a law firm with the capabilities to navigate the complexity of the laws governing business restructurings is critical.
McDermott’s business restructuring group is a global team knowledgeable in all aspects of distressed transactions. We have experience—and a veritable track record—advising the full range of interested parties, domestically and internationally, from the debtors requiring relief to the interested stakeholders lining up to recoup their positions.
What distinguishes our team is our ability to provide seamless, global counsel, particularly for complex assignments that cross borders. We understand the application of the European Insolvency Regulation and the UNCITRAL model law, along with the US chapters 11 and 15 bankruptcy laws, and the assertion and enforcement of claims in numerous jurisdictions.
We advise clients on their rights, options and opportunities, including how troubled companies can utilize the legal process for a successful business restructuring and rescue package. We are also skilled in advising creditors to ensure they receive enhanced recoveries on their investments. And lastly, we counsel the savvy observer on how best to position itself for the opportunity to acquire troubled assets.
About McDermott Will & Schulte
Leading organizations turn to global law firm McDermott Will & Schulte for a better way to address legal challenges, connect with those at the forefront, and drive stronger outcomes. Working across more than 20 offices globally, our 1,750+ lawyers act on data-driven insights, deep relationships, and unmatched industry experience to deliver on our commitment of Always Better.