Milbank LLP associates William Schumacher and Charles Fendrych, members of the firm’s Financial Restructuring Group, authored “Will Texas Two-Step Remain Part of Restructuring’s Mass Tort Dance Routine?” in the Journal of Corporate Renewal.
The article examines how the novel – and contentious – “Texas Two-Step” approach to restructuring has potential for use as an efficient means for large and otherwise solvent companies to restructure mass tort liabilities without detriment to their ongoing business, while potentially providing creditors access to the same pool of assets.
The Journal of Corporate Renewal is the official publication of the Turnaround Management Association (TMA), which has nearly 10,000 members worldwide, including turnaround practitioners, attorneys, accountants, advisors, liquidators and consultants, as well as academics, government employees and members of the judiciary.
Read “Will Texas Two-Step Remain Part of Restructuring’s Mass Tort Dance Routine?”
