Distressed Assets and Bankruptcy Advisory
Our professionals’ experience with distressed assets and the bankruptcy process goes back to the 1990s.
While our distressed and bankruptcy interests and capabilities are universal, most of our clients hold non-conventional assets, i.e., claims on distressed companies other than funded institutional debt obligations such as public bonds or syndicated loans. We’re best known for our work on class action, fraud and commercial litigation against companies that have or are threatening to fall into bankruptcy and on claims of Chinese companies against non-Chinese debtors, and have advised over $3.5 billion of such exposure since 2016. Example of litigation we have managed include worker and consumer class actions, single-event corporate antitrust and breach of contract claims, and government environmental claims. (In class action cases, we are typically engaged directly by class counsel.)
In addition to advisory services with respect to existing distressed obligations, we also provide clients with advice on transactions with distressed companies where we have existing expertise and relationships, including extension of new financing and the acquisition of assets.