Davis Polk partner and Liability Management & Special Opportunities practice head Brian Resnick discussed how corporate restructuring practices have been reshaped to adapt to the proliferation of liability management transactions with Bloomberg Law.

“It has really morphed into a substantial part of our practice,” Brian said. “Many of us went from primarily being bankruptcy lawyers to being liability management lawyers with bankruptcy being a relatively smaller part of our practice.”

“Bankruptcies have become very expensive, and liability management is often a way of buying time and hoping for a turnaround,” Brian explained.

“Bankruptcy Pros Adapt Private Equity-Backed Restructuring Moves,” Bloomberg Law (August 5, 2024) (subscription required) 

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