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Debt Restructuring

Pillsbury - Propel

Top 10 Things to Watch Out for When Cash Flow Is Tight: Restructuring Considerations for ECVC-Backed Companies

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In today’s volatile funding landscape, even high-potential early- and growth-stage companies can find themselves navigating tight liquidity conditions. For founders and executive teams in the ECVC space, recognizing early...more

Cadwalader, Wickersham & Taft LLP

Happy Halloween From Scooby Boo!! October 2025 - District Court in Houston Further Clarifies “Equal Treatment” Rule, Supporting...

On September 25, 2025, the U.S. District Court for the Southern District of Texas overturned the Bankruptcy Court's confirmation of ConvergeOne's chapter 11 plan for violating the Bankruptcy Code’s “equal-treatment” rule. ...more

Falcon Rappaport & Berkman LLP

Commercial Bankruptcy Filings Surge in July 2025

Newly released data shows a significant rise in bankruptcy filings across the U.S., with commercial businesses seeing some of the steepest increases....more

Troutman Pepper Locke

State of Play in Navigating Distressed Middle Market M&A — PE Pathways Podcast

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This is the first episode in a series of discussions around private equity and distressed assets with attorneys from our Bankruptcy + Restructuring and Private Equity practice groups. Distressed mergers and acquisitions (M&A)...more

Hogan Lovells

Turbo Group – A practical application of recent restructuring plan developments

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The English High Court last week published its judgment ([2025] EWHC 2678 (Ch)) in respect of its sanction on 9 July 2025 of the inter-conditional restructuring plans proposed by thirteen Turbo Group companies under Part 26A...more

White & Case LLP

Blockers Revealed: The Next Frontier in Creditor Protection

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A liability management exercise ("LME") is, at its core, any transaction a company undertakes to manage its debt other than actually servicing it in the ordinary course of business. While these historically ranged from...more

Hogan Lovells

Fairness back in fashion: River Island restructuring plan provides guidance on evidentiary requirements for cross-class cramdowns

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The sanction decision handed down by the English High Court (Sir Alastair Norris) on 4 September 2025 in connection with the River Island Part 26A restructuring plan has provided helpful clarification as to what the Court...more

Amundsen Davis LLC

When a Commercial Borrower Defaults: Understanding the Lender’s Options

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When a borrower defaults on a commercial loan, the lender's initial steps can make the difference between a successful workout and a drawn-out collection process. It is essential to understand the lender’s options and act...more

Mayer Brown

Indemnités de résiliation anticipée de prêts intragroupe et théorie de l’acte anormal de gestion

Mayer Brown on

La CAA de Paris rejette la qualification d’acte anormal de gestion retenue par l’administration fiscale concernant le versement d’indemnités de résiliation anticipée de prêts intragroupe. La Cour relève notamment que la...more

Arnall Golden Gregory LLP

Restructuring Roundup - September 2025

AGG’s Restructuring Roundup newsletter is a monthly update of legal issues and news affecting or related to commercial litigation and bankruptcy. The newsletter is a curation of published articles and news, and contains...more

Orrick, Herrington & Sutcliffe LLP

Municipal Bankruptcy: Avoiding and Using Chapter 9 in Times of Fiscal Stress

Introduction - In May 2008, the City of Vallejo, California, filed for protection under chapter 9 of the United States Bankruptcy Code, followed in 2011 by Jefferson County, Alabama, in 2012 by the City of Stockton,...more

Carey Olsen

The use of Bermuda purpose trusts in enforcements and corporate/debt restructurings

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The Bermuda purpose trust is an effective and flexible tool which can be useful in a number of different scenarios. Having been widely used in the private wealth context for some time, Bermuda purpose trusts can also be used...more

Hogan Lovells

Plan and Simple? New UK Practice Statement tightens process and requirements for schemes and restructuring plans

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On 18 September 2025, the Chancellor of the High Court, Sir Julian Flaux, issued a revised Practice Statement (the “Revised Practice Statement”) in respect of Schemes of Arrangement and Restructuring Plans under Parts 26 and...more

Ropes & Gray LLP

Everything’s Bigger in Texas, but Not the Backstop Fees: ConvergeOne and Section 1123(a)(4)

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In what may be an interesting new trend, yet another senior court within the Fifth Circuit Court of Appeals has issued an opinion with the potential for serious disruption to previously accepted market practice. On September...more

Blank Rome LLP

The Cannabis Industry’s $6 Billion Debt Wall

Blank Rome LLP on

A debt avalanche is bearing down on the U.S. cannabis market to the tune of roughly six billion dollars coming due by the end of 2026, with the top five borrowers—each a multi-state operator (“MSO”)—accounting for about $3.4...more

Brownstein Hyatt Farber Schreck

Previewing the 2025 IMF-World Bank Annual Meetings

The 2025 Annual Meetings of the World Bank Group and the International Monetary Fund will take place in Washington, D.C., from Monday, Oc. 13, through Saturday, Oct. 18. Convened annually, the meetings bring together central...more

Proskauer Rose LLP

District Court Rejects Exclusive Backstop in Chapter 11 Plan

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A Texas district court ruling late last week could reshape the landscape of Chapter 11 restructurings by striking down exclusive backstop agreements as violating the Bankruptcy Code’s equal-treatment rule....more

Cornerstone Research

Trends in Large Corporate Bankruptcy and Financial Distress: Executive Summary

Cornerstone Research on

The elevated pace of large corporate bankruptcy filings that began in early 2023 has persisted over the last 12 months (2H 2024–1H 2025) and even increased over the prior year. The most common reported drivers have been high...more

King & Spalding

Waldorf Production on the way to the Supreme Court

King & Spalding on

Waldorf Production UK Plc has been granted permission to ‘leapfrog’ the Court of Appeal and apply directly to the Supreme Court for permission to appeal the High Court’s refusal to sanction its restructuring plan. If the...more

Cornerstone Research

Mega Bankruptcies Surge in First Half of 2025 with Inflation, Interest Rates, and Public Policy Uncertainty Cited as Key Drivers

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Large corporate bankruptcy filings increase for third consecutive year as out-of-court restructurings through liability management transactions reach record highs. The elevated pace of large corporate bankruptcy filings that...more

Orrick, Herrington & Sutcliffe LLP

UK Founder Series: Insolvency and Considerations for Directors and Investor Representatives

Orrick's Founder Series offers monthly top tips for UK startups on key considerations at each stage of their lifecycle, from incorporating a company through to possible exit strategies. ...more

Schwabe, Williamson & Wyatt PC

Bankruptcy Overview and Best Practices

In light of current economic indicators and the potential for an increase in financial distress, this article is intended to serve as a general resource regarding financial restructurings, workouts, insolvency, and...more

Hogan Lovells

Setting the Standard: Standard Profil’s scheme of arrangement sanctioned notwithstanding Frankfurt court’s decision in Project...

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Standard Profil’s scheme of arrangement was sanctioned by the English High Court on 9 September 2025, notwithstanding a recent Frankfurt court decision casting doubt on whether English restructuring plans and schemes of...more

Nelson Mullins Riley & Scarborough LLP

Chapter 15-Related Rulings: Trends and Practical Lessons for Cross-Border Restructurings

As corporate distress increasingly transcends borders, Chapter 15 of the U.S. Bankruptcy Code has become a crucial tool for coordinating multinational restructurings. In this chapter, we delve into the emerging trends and...more

Parker Poe Adams & Bernstein LLP

European Court to Businesses: Pseudonymized Data Is Not Always Personal Data

When the European Central Bank declared the Spanish bank, Banco Popular Español, as "failing or likely to fail" in 2017, the Single Resolution Board (SRB) stepped in to resolve the issue by announcing the transfer of all...more

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