What the Pros Say (3/19/17)

  • Professional Compensation. Whereas we would typically demerit a firm for reviewing a "recent" case from 4 months ago, we'll pass here for two reasons: 1) this DLP Piper LLP summary by Richard Chesley, Rachel Albanese and Adam Lanza is solid; and 2) there's no ridiculous attempt here to shield the bankers from a decision that ultimately came down in their favor. Sidebar: speaking of fees, SunEdison was in the spotlight this week and these fees are in bleacher seat territory.
  • Unrestricted Subsidiaries. Anyone interested in understanding the shenanigans taking place in iHeartMedia or J.Crew ought to read this strong coverage of the use of covenants to restructure their capital structure by Chapman & Cutler LLP's Michael Friedman, Simone Tatsch, and Nicholas Whitney.

What the Pros Say (2/12/17)

  • European Distressed DebtOrrick and Greenhill & Co. Inc. team up to summarize the state of European distressed debt in 2017.
  • Malls. Kenneth Rosen of Lowenstein Sandler LLP discusses the need for malls to diversify given a multitude of challenges to retail. 
  • Marblegate/TIA - King & Spalding LLP's Michael Rupe, W. Austin Jowers, Jeffrey Pawlitz, Christopher Boies and Michael Handler offer their thoughts on the recent much-discussed ruling on the Trust Indenture Act. 
  • Subordination. Michael Friedman and Leo Gagion of Chapman & Cutler LLP discuss the recent Ninth Circuit decision on subordination. 
  • Survey. AlixPartners released its 2017 restructuring experts survey. Read it here. And here is a summary