On-Demand: A Look Into the World of High-Stakes, Bare-Knuckles Bankruptcy Litigation
Gibson, Dunn & Crutcher has posted an on-demand video discussing substantive litigation issues that tend to arise in a contentious bankruptcy, where many parties are fighting over a limited pool of assets — such as claims for breach of fiduciary duty, equitable subordination, and avoidance of fraudulent transfers, as well as litigation that arises in the context of plan confirmation.
The firm says the video covers some procedural tactics that have enabled parties to position themselves favorably among the various players in bankruptcy litigation.
“In light of the tumult in the junk bond market, the gyrations in the stock market, and other storm clouds on the global economic horizons, companies that face refinancing of their debt in 2016 and 2017 may find themselves restructuring through bankruptcy in Chapter 11,” the firm says on its website. “Creditors will face off for their respective piece of the restructured company, leading to specialized and fast-paced litigation.”
