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I Shall [Not] Be Released: Wellspring, Director Releases, and the Duty of Loyalty in Restructuring Negotiations

As we here at Ropes & Gray look back on 2021 and ahead into 2022, we call your attention to the lessons of Friedman v. Wellspring Capital Mgmt., LLC (In re SportCo Holdings, Inc.), Case No. 20-50554, 2021 WL 4823513 (Bankr. D. Del. Oct. 14, 2021) (Stickles, J.) (“Wellspring”).

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European Restructuring & Distressed: Trends Past and Future

Time to Read: 1 minutes Practices: Business Restructuring

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In this article, we look back at European distressed debt, restructuring and leveraged finance trends in 2021 and share our thoughts on potential market developments in 2022. 

We also summarise key developments in English schemes of arrangement and restructuring plans and consider the European equivalents of these tools currently being introduced by EU member states, with a focus on the new frameworks in Germany, the Netherlands, France and Italy.

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