Private equity, hedge funds, and novel financial instruments have played an important role in the deals of recent years. Now, they are playing a key part in the current wave of business reorganizations and workouts. Second lien financing limits the options available to a reorganizing debtor. Claims trading and default hedging have changed the dynamics of plan negotiations.
This year’s Zaretsky Roundtable brought together a distinguished group of judges, practitioners, and professors for a lively discussion of how these developments are changing bankruptcy and reorganization practice.
The roundtable dinner and discussion programs are held in honor of the late Professor Barry L. Zaretsky, who was a member of Brooklyn Law School’s faculty for 19 years. Professor Zaretsky was a teacher and mentor to countless students and a distinguished bankruptcy and commercial law scholar whose work inside and outside the classroom bridged the worlds of theory and practice. The Zaretsky program is held on a regular basis to address timely topics in bankruptcy and commercial law.