Restructure This! Episode 7: The Role of the Independent Director in Chapter 11
Sheppard Mullin's Restructure This!
Release Date: 03/22/2022
Restructure This! Episode 27: What You Always Wished You Knew About Assignments for the Benefit of Creditors with David M. Johnson and Molly Froschauer of Resolution Financial Advisors
Sheppard Mullin's Restructure This!
Sheppard Mullin's Restructure THIS! podcast explores the latest trends and controversies in Chapter 11 bankruptcy, commercial insolvency and distressed investing. In this week's episode, David Johnson and Molly Froschauer of Resolution Financial Advisors join host Justin Bernbrock to discuss Assignments for the Benefit of Creditors (ABCs), including advantages and disadvantages compared to traditional bankruptcy options, the various ways an ABC can be leveraged and the acquisition opportunities they offer potential buyers. What We Discussed in this Episode What is an Assignment for...
info_outline![Restructure This! Episode 26: Turnaround and Performance Improvement Strategies with Kobus van der Zel [Replay] show art](https://assets.libsyn.com/item/29616763?height=50&width=50)
Restructure This! Episode 26: Turnaround and Performance Improvement Strategies with Kobus van der Zel [Replay]
Sheppard Mullin's Restructure This!
This episode is a replay of Episode 19 which originally aired on December 28, 2022, but includes updated restructuring news as of January 2024. Sheppard Mullin's Restructure THIS! podcast explores the latest trends and controversies in Chapter 11 bankruptcy, commercial insolvency and distressed investing. In this week's episode, we're joined by Kobus van der Zel, the owner of Ravinia Capital Performance Improvement, a financial advisory and investment firm in Chicago. In his conversation with host Justin Bernbrock, Kobus explains what his engineering background, military service in South...
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Restructure This! Episode 25: The Role of Professional Organizations in the Restructuring Industry with Scott Stuart of TMA
Sheppard Mullin's Restructure This!
Sheppard Mullin's Restructure THIS! podcast explores the latest trends and controversies in Chapter 11 bankruptcy, commercial insolvency and distressed investing. In this episode, Scott Stuart, CEO of Turnaround Management Association (commonly referred to as "TMA”), joins us to discuss the role of professional organizations in the restructuring space, including what distinguishes TMA from similar organizations, the importance of its diverse membership, and how restructuring has evolved over the last 30+ years. What We Discussed In this Episode: What brought you to where you are...
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Restructure This! Episode 24: Supporting Sovereign Entities in Troubled Financial Waters with Natalie Jaresko
Sheppard Mullin's Restructure This!
Sheppard Mullin's Restructure THIS! podcast explores the latest trends and controversies in Chapter 11 bankruptcy, commercial insolvency and distressed investing. In this episode, Natalie Jaresko from EY-Parthenon joins us to discuss her impressive background and storied career. She also breaks down some of the nuts and bolts of restructuring, lessons she learned in her role in Ukraine and Puerto Rico, and how governments can best serve themselves. What We Discussed in This Episode: What is the difference between restructuring a sovereign or municipal bankruptcy? What role does the...
info_outline![Restructure This! Episode 23: Building a Bankruptcy Juggernaut with James (“Jamie”) H. M. Sprayregen [Replay] show art](https://assets.libsyn.com/item/27005343?height=50&width=50)
Restructure This! Episode 23: Building a Bankruptcy Juggernaut with James (“Jamie”) H. M. Sprayregen [Replay]
Sheppard Mullin's Restructure This!
This episode is a replay of Episode 2 which originally aired on January 19, 2022. In this episode, we speak with James (“Jamie”) H. M. Sprayregen, partner at Kirkland & Ellis LLP and founder of the firm’s powerhouse bankruptcy restructuring practice. Few know the story of how Jamie built the practice from humble beginnings starting in 1990. In a frank interview, Jamie describes the vision he had three decades ago, the challenges he encountered along the way, and the banner chapter 11 cases—Zenith Electronics, United Airlines—that he believes helped to shape the...
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Restructure This! Episode 22: D&O Risks in an Unstable Economy with Paul Figliozzi and Michael Gil of Marsh
Sheppard Mullin's Restructure This!
Sheppard Mullin's Restructure THIS! podcast explores the latest trends and controversies in Chapter 11 bankruptcy, commercial insolvency and distressed investing. In this episode, Paul Figliozzi and Michael Gil of Marsh join us to discuss the critical issue of director and officer risk, particularly in the context of an unstable economy and financially distressed companies. What We Discussed in This Episode: How has the recent uptick in restructuring activity and the banking crisis impacted the D&O market in terms of the claims you're seeing and with respect to premiums? ...
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Restructure This! Episode 21: Real Estate Restructuring – Views from Another Side with Emily S. Gottlieb
Sheppard Mullin's Restructure This!
Sheppard Mullin's Restructure THIS! podcast explores the latest trends and controversies in Chapter 11 bankruptcy, commercial insolvency and distressed investing. In this week's episode, we delve into real estate development with Emily Gottlieb of AW Properties Global, including discussing commercial-to-residential conversions, redeveloping vacant land, and more. What We Discussed in This Episode: What got you interested in restructuring? What is your precise role at AW Properties? What does your day-to-day look like? What correlations can you draw between your current role and...
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Restructure This! Episode 20: 3M: The Controversy of MDL in Chapter 11 with Ashley Barriere
Sheppard Mullin's Restructure This!
Sheppard Mullin's Restructure THIS! podcast explores the latest trends and controversies in Chapter 11 bankruptcy, commercial insolvency and distressed investing. In this week's episode, we welcome Ashley Barriere, partner at Keller Postman LLC, to discuss the 3M Combat Arms Earplug multidistrict litigation and the subsequent Chapter 11 bankruptcy filing by 3M subsidiary Aearo Technologies from the perspective of the plaintiffs she represents: military veterans seeking recovery for injuries related to the earplugs. What We Discussed in This Episode: The 3M Combat Arms Earplug...
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Restructure This! Episode 19: Turnaround and Performance Improvement Strategies with Kobus van der Zel
Sheppard Mullin's Restructure This!
Sheppard Mullin's Restructure THIS! podcast explores the latest trends and controversies in Chapter 11 bankruptcy, commercial insolvency and distressed investing. In this week's episode, we're joined by Kobus van der Zel, the owner of Ravinia Capital Performance Improvement, a financial advisory and investment firm in Chicago. In his conversation with host Justin Bernbrock, Kobus explains what his engineering background, military service in South Africa and the Myers-Briggs personality test has to do with financial turnarounds. What We Discussed in This Episode: Looking back...
info_outline![Restructure This! Episode 18: The Gender Gap in Restructuring with Cullen Drescher Speckhart and Rachel Ehrlich Albanese [Replay] show art](https://assets.libsyn.com/item/25101738?height=50&width=50)
Restructure This! Episode 18: The Gender Gap in Restructuring with Cullen Drescher Speckhart and Rachel Ehrlich Albanese [Replay]
Sheppard Mullin's Restructure This!
This episode is a replay of Episode 13 which originally aired on September 7, 2022. Sheppard Mullin's Restructure THIS! podcast explores the latest trends and controversies in chapter 11 bankruptcy, commercial insolvency, and distressed investing. In this week's episode, we're joined by Cullen Drescher Speckhart, Chair of Cooley's business restructuring & reorganization practice and partner in charge of its Washington, DC office, and Rachel Ehrlich Albanese, Chair of DLA Piper's U.S. Restructuring practice and a partner in the firm's New York office, to discuss the ever-present...
info_outlineThe appointment of an independent director to the board of a distressed company has become a common strategy in the chapter 11 playbook. What is the role—and value—of an independent director in an in-court restructuring? Oftentimes appointed by parties in interest, are they in fact independent? Today we discuss this topic and related issues with the CEO of a restructuring service provider company, who has served as an independent director for numerous large scale companies in financial distress.
What We Discussed in This Episode:
- The decisions that chief restructuring officers and independent directors typically make when appointed to financially struggling companies
- The driver for the need of independent directors in modern restructurings
- Whether the recent criticisms of independent directors in chapter 11s is warranted
- Whether the filing of retention applications for the independent director or soliciting creditors’ input on who is appointed would address concerns re the independent director model in complex chapter 11 cases
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