Dealing with Businesses in Distress: Minimizing Risks and Maximizing Opportunities

Andrews Kurth partners Jason Brookner, Brigitte Kimichik, Pat Sargent, Mark Solomon, Linda Stahl and David Washburn participated in a panel which discussed the unprecedented challenges as well as opportunities for businesses presented by current market conditions. Using a hypothetical scenario, panelists addressed how to handle financial distress situations from the perspectives of corporate and securities laws, business transactions, bankruptcy and litigation. Topics included:

• Assessing and discharging fiduciary duties in a distressed environment
• Planning for loan and contract defaults
• Bankruptcy issues - from the company's/creditor's/lender's perspective
• Downsizing and closing facilities - leasing and employment law implications
• Consequences of SEC reporting delinquencies

Download:

• Click here for the audio recording of the presentation (MP3)
• Click here for the supplemental material (PDF)