News & Analysis as of

Debt Restructuring Debtors-in-Possession

Seward & Kissel LLP

Re-Volting, Short Circuit, and Seed of Doubt

Seward & Kissel LLP on

Li-Cycle files for bankruptcy, seeks protection for facilities in Greece | WXXI News - Li-Cycle filed a chapter 15 in the Southern District of New York on Wednesday to support its Canadian CCAA proceeding. The...more

Proskauer Rose LLP

Private Credit Restructuring: Priming DIPs in Focus

Proskauer Rose LLP on

In most chapter 11 cases, existing first lien lenders provide post-petition financing to preserve collateral value and maximize recovery. In some situations, a stressed borrower may threaten to pursue a hostile chapter 11...more

K&L Gates LLP

New EU Restructuring Directive: Harmony in Troubled Times

K&L Gates LLP on

Introduction - Following recent proposed changes to UK restructuring and insolvency law, a new European Union (“EU”) directive concerning restructuring within EU Member States proposed by the European Commission...more

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